The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions: A new tool to promote transparency in financial reporting

Carl J. Pacini, Hudson Rogers, Judyth Swingen

Research output: Contribution to journalArticlepeer-review

Abstract

The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions went into force in February I999. The purposes of this paper are to: (I) define and assess the extent, costs and consequences of bribery; (2) describe the adoption and analyze the essential provisions of the OECD Convention, with a special emphasis on Article 8 which contains accounting recordkeeping and financial reporting provisions; ( 3) examine the role of the OECD Convention as a catalyst for passage of legislation in signatory nations; and (4) analyze the role of the OECD Convention in promoting transparency and accountability in financial reporting.

Original languageAmerican English
JournalDefault journal
StatePublished - Jan 1 2002

Disciplines

  • Accounting
  • Business

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