IEA backs lifestyle audits and reverse burden of proof for public officials

“A strengthened asset declaration regime would improve accountability and provide a stronger and more timely basis for detecting and addressing illicit enrichment by public officeholders,” the Institute said.

The IEA said strengthening the asset declaration regime would enhance accountability and facilitate the timely identification of possible illicit enrichment among public officeholders.

The Institute of Economic Affairs (IEA) has backed proposals to introduce lifestyle and wealth audits for public officials as part of efforts to detect unexplained wealth and combat corruption.