Ernst & Young’s Fraud Survey Warns of Anti-Corruption Complacency

Despite the government’s continued focus on anti-corruption compliance, Ernst & Young’s 2014 Global Fraud Survey suggests “that companies continue to struggle to respond appropriately to fraud and corruption risks,” Brian Loughman, of EY’s Fraud Investigation & Dispute Services, told the Anti-Corruption Report.  Perhaps even more troubling, “a substantial minority of people in the C-Suite appear, at least based on the survey responses, to condone unethical and potentially illegal conduct when their businesses are under pressure,” he said.  The Anti-Corruption Report examines the findings and implications of the survey.  See also “Ernst & Young Experts Reveal How Forensic Data Analytics Can Transform Anti-Corruption Compliance” (Apr. 30, 2014).

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