Companies are putting out about the same effort to combat corruption and fraud, but executives believe the incidence is growing, suggesting some compliance fatigue may be setting in.
U.S. corporate executives say the incidence of fraud has doubled in the past two years, from 8 percent who said their organizations experienced a serious fraud in 2012 to 16 percent in 2014, according to EY’s biannual global fraud survey. The results show that 40 percent of 2,700 executive in 59 countries believe bribery and corruption is widespread in their home country, with 22 percent of U.S. executives agreeing to that characterization in the United States. Six percent of all executives even said they could justify misstating company financial performance if necessary to weather a downturn.
