Companies need to remain vigilant in the face of escalating fraud

E&Y’s 2012 Global Fraud Survey indicates that tolerance for unethical conduct has risen in recent years

In this rapidly changing global regulatory environment, fraught with tempestuous economic conditions, it can be difficult for many companies to persevere and continue to grow while remaining ethically above board and compliant.

To this end, Ernst & Young (E&Y) yesterday released the results of its 2012 Global Fraud Survey. The study, which features findings on fraud, bribery and corruption, gathered responses from more than 1,700 executives across 43 countries, including heads of legal, compliance and internal audit departments and chief financial officers.

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