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Asia-Pacific Fraud Study Finds Gap Between Policy and Practice

Jaclyn Jaeger | September 26, 2013

Disparities between the compliance policies that companies have in place and how they are applied in practice is significantly hampering efforts to tackle bribery and corruption among Asia-Pacific companies.

That's according to the findings of a recent fraud survey conducted by Big Four accounting firm Ernst and Young, which surveyed more than 600 senior executives in companies across the Asia-Pacific region, including Australia, China, Indonesia, Malaysia, New Zealand, Singapore, South Korea and Vietnam.

According to the study, 48 percent of respondents said their companies' anti-bribery and anti-corruption policies are good in principle but do not work well in practice. Such a disconnect indicates that Asia-Pacific companies “could be under a false illusion that they are adequately addressing fraud, bribery and corruption issues when in...

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