Question
The international accounting firm Ernst and Young performed a global survey on fraud. The results of that survey are summarized in a report titled Driving
The international accounting firm Ernst and Young performed a global survey on fraud. The results of that survey are summarized in a report titled Driving Ethical Growth-New Markets, New Challenges (Ernst and Young, 11th Global Fraud Survey). You can find this report by doing an internet search on the title, or go to http://www.ey.com/Publication/vwLUAssets/Driving-ethical-growth-new-markets,-new-challenges:-11th-Global-Fraud-Survey/$FILE/EY-11th-Global-Fraud-Survey.pdf.
Read the Executive Summary section, and then skim the remainder of the report to answer the following questions.
- What was the global percentage of companies that experienced fraud during the period covered by the survey, and what region of the world had the highest rate?
- What percentage of survey respondents performed a fraud risk assessment in the six months prior to the survey? What percentage of survey respondents have never performed a fraud rsk assessment?
- What percentage of respondents thought members of the board of directors were either very concerned or fairly concerned about board members personal legal liability resulting from fraud at their companies?
- What are the top three issues of concern to compliance officers according to the survey?
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