Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
20 May 2013
   
 
 
 
 
 
 
DOWNLOAD
12th Global Fraud Survey: Growing Beyond – a place for integrity - 2.7 MB
 

Driven by market uncertainties and declining economic growth forecasts, many companies are struggling to maintain margins. With fewer remaining opportunities for cost-cutting, many businesses are now focused on opportunities in rapid-growth markets.

Even these markets, however, are feeling the effects of a weakened global economy.

In this environment, Ernst & Young's 12th Global Fraud Survey's findings are, unfortunately, a further cause for concern.

They suggest that bribery, corruption and fraud remain widespread. At the same time, many countries are strengthening their enforcement regimes, for example the UK, with the introduction of the Bribery Act, and India, with a range of proposed anti-bribery/anti-corruption (ABAC) legislation.

As regulatory activity intensifies, the risk of external scrutiny of corporate activity also increases. Senior management must do more to ensure that they and their companies are not found wanting should their activities come under the spotlight.

Edited by: Creamer Media Reporter
 
 
 
 
  Photos
 
 
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Online Publishers Association