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 FCPA 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 FCPA Report examines the findings and implications of the survey.  See also “Ernst & Young Experts Reveal How Forensic Data Analytics Can Transform Anti-Corruption Compliance,” The FCPA Report, Vol. 3, No. 9 (Apr. 30, 2014).

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