I am a Chartered Surveyor,Arbitrator and Certified Construction Auditor with over 40 years of field experience.
I also authored three books,details of which are given in my web www.almameer.com
My interest is Technical Auditing of construction.The biggest loss owing to frauds or corruption in one form or the other is in construction.That too in Government funded projects which are audited by Accountants.The loss has reached a level of upwards of US $ 4 Trillion per year,which is US $ 7.61 million per minute.US $ 1.50/per day per person of the entire world.This is the least discussed, totally missed subject.This always surprised me for a long time and continue to be so.
What is required is a stern action, which can only be done by an International Institution as although the facts are plain for everybody to see, there is this question of vested financial interests, global leverage of the Accounting Institutions for a period of decades if not a century, a situation which helps everybody,other than the Client - Contractor ,Consultant,Engineers,auditors in the construction industry to survive and prosper.Unfortunately the pay master the Client is the loser,who here is the Government spending public money. I am reminded of the comments by the editor of a newspaper when the entire editorial was censored by the competent authority-“we can always understand when a child is afraid of the dark, the tragedy is men are afraid of the light”
I have sent a small easy to understand 6 page proposal to various Anti- corruption agencies and so far no reply.
I am prepared to share same with your esteemed panel