The best way to achieve transparency


Now that the World Cup has kicked off in Brazil, football is in the air all over the world, and with it, our minds are distracted from the hum-drum routine of ordinary life into the never-failing topic of corruption.

Once again there is investigation into corruption and even money laundering in football in various parts of the world. Today someone commented that football is the fifth largest channel of illegal money in the world. I do not know how they know that or where that ranking is made or how it was made, but it certainly seems to underline the conception that sport is not always healthy, also underlined this week by comedy icon Rik Mayall collapsing and dying of a heart attack after a run. I thought people ran to avoid heart attacks, not bring them on? And here he is, only six years my senior and, unlike me, in perfectly reasonable shape. I think I shall stick to walking.

Yesterday Polish media announced an investigation into the finances of former President Kwasniewski – apparently he also seems to be “considerably richer than yow” as either Shakespeare or Harry Enfield put it, I can’t remember which – they would like to know whence the abundance that hath become his portion is come.

This made me think that there should be an investigation made not only at the close of a person who holds public office but also at the beginning – an audit of their personal wealth and that of their families. Doing one at the beginning tells people to mind their Ps and Qs while serving the people on public money. This also avoids the chance that they can say that they had these investments all along.

There should be a standard work programme approved by the public affairs committee and the national chamber of auditors, or chambers where as in the UK there is more than one. The statement of personal wealth should be drawn up and signed off by the auditor stating what kinds of investigations they made in order to produce this statement and if anything in the list of procedures was not possible to do then their report should state so and give the reasons. The work would be carried out by people who have audit licences who have been screened for political neutrality, and the choice of Firm should be agreed by the public affairs committee.

The report should be held by a politically independent committee and compared to the one made after the person comes to the end of his or her office and then again 5 years later. Accumulations of wealth should be reconciled to declared sources.

All bank accounts of these public figures should be declared and unusually large expenditures or outgoing gifts should also be investigated as well as the ‘as at’ financial position. It should be an offence for a person who falls under the law to own a bank account anywhere in the world which is not declared to the auditor.

This should apply first to the heads of state. Royalty who did not choose to have their role and simply are born into it should be exempt, although they might opt in voluntarily in some countries. After the heads of state then through the cabinet, all MPs, all senior civil servants, judges, and members of committees and panels whose work determines the expenditure of public monies. Including the panels of bit sporting events who determine who is going to host football or other sporting tournaments and how the money that pours into them is going to be spent.

If this became law around the world in all the different jurisdictions that there are, we might finally get to a situation where decisions are in the hands of people who are basically honest or at least have no motivation to give vent to their dishonest tendencies.

Enjoy the games.

 

 

 

 

About David J. James

53 year old accountant who loves languages, literature, history, religion, politics, internet, vlogging and blogging and lively written discussion. Conservative Christian, married to an angel, we have three kids, and live in Warsaw, Poland. I can help you with company set-up, bookkeeping, payroll, tax, audit and due diligence all over Poland and the region.

Posted on 13/06/2014, in Politics and tagged , , , . Bookmark the permalink. Leave a comment.

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