Report Ranks Countries' Corruption Levels, U.S. Ranks in Top 20

A report released by the Berlin-based Transparency International (TI) ranks countries based on the perceived level of corruption that exists among politicians. Finland ranked as the least corrupt country in the world, but the United States made it into the "Top 20."

The TI Corruption Perceptions Index (CPI) ranks 133 countries in terms of the degree to which corruption is perceived to exist. The corruption index [0 = totally corrupt to 10 = totally corruption-free] has been released annually since 1995 and reflects perceived levels of corruption among politicians and public offices, drawing on responses from business people, risk analysts, and academics. Corruption is defined by TI as the abuse of public office for private gain.

The world's largest economy, the United States, ranked 18th with a 7.5 "corruption index" rating. For the third year in a row, Bangladesh was found to be the most corrupt country in the world, with an average score of 1.3.

  • The top ten countries for the least corruption are:

    Finland; Iceland; Denmark; New Zealand; Singapore; Sweden; The Netherlands; Australia; Norway and Switzerland. Canada ranked 11th.

  • The most corrupt countries according to the survey/report are:

    Angola; Azerbaijan; Cameroon; Tajikistan; Myanmar; Paraguay; Haiti; Nigeria and last on the list, Bangladesh.

For more details on the report and full listings, visit the Transparency International Web site.

You may like these other stories...

By Jason BramwellThe IRS on August 19 unveiled a new online registration system for financial institutions that need to register with the agency under the Foreign Account Tax Compliance Act (FATCA).Financial institutions...
By Curtis C. Verschoor, CMAThe furor over the extensive tax avoidance measures used by technology companies such as Google and Apple has reached new heights in both the United Kingdom and the United States. Government...
By Jason Bramwell Government leaders of eight of the world's largest economies pledged on June 18 to take a tougher stance on fighting tax evasion. The Group of Eight (G8) leaders, who met in Northern Ireland,...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.