ERNST & YOUNG PESSIMISTIC OVER EXTENT OF GRAFT IN INTERNATIONAL BUSINESS
May 1st, 2012
BY KEITH NUTHALL
ACCOUNTING giant Ernst & Young has claimed nearly half of chief financial officers worldwide - still struggling with the global economic crisis - would undertake unethical and potentially illegal actions to protect their companies.
Its latest global fraud survey said that of almost 400 CFOs questioned, 47% "felt one or more... possibly questionable actions that may help the business survive...could be justified in an economic downturn".
Also, 15% of CFOs surveyed would make cash payments to win or retain business and 4% said ...
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