Accounting for Bribery – Corruption or Practicality?
A local news story on a forensic audit which uncovered a petty cash slip made out for R 5,000 and described as “bribe money” for a municipality caused much outrage about the corrupt attitudes this exposed. But is the tracking of this amount corrupt or just a practical way of managing a very real issue? What is Bribery? In its simplest form, bribery is giving someone in a position of power something in order to change or influence their behaviour to benefit you or your busines