Corruption
Corruption involves misuse of entrusted authority or influence for private benefit. It can occur in public, private and not-for-profit settings and may benefit connected people as well as the decision maker. Bribery is one possible form; the broader ethical concept is not limited to cash payments or to public officials.
Worked example
A manager directs a contract to a relative’s firm in return for a concealed personal benefit, ignoring fair procurement procedures and the organisation’s interests.
Common mistake
Assuming corruption occurs only in government, or treating every poor commercial decision as corruption without evidence of improper benefit or misuse of power.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Supporting | September 2026–June 2027 |
| ACCA | SBL | Direct | September 2026–June 2027 |
| FIA | FBT | Supporting | September 2026–June 2027 |