Ernst & Young: 12th Global Fraud Survey

Source: Ernst & Young, 23rd May 2012

The survey is the largest one Ernst & Young have produced in this series. Between November 2011 and February 2012, more than 1,700 interviews were conducted in 43 countries with individuals from a sample of the largest companies by turnover in each country. Face-to-face interviews were subsequently held with senior executives of blue chip companies about the survey findings.

Over a third of the respondents believe corruption is widespread in their country and this is perceived to be significantly higher in rapid-growth markets (e.g., Brazil – 84%, Indonesia – 72%, Turkey – 52%). Financial statement fraud remains an important risk across many jurisdictions. Indeed, fifteen percent of respondents in Far East Asia think that financial performance misstatement can be justified…