The international accounting firm Ernst & Young performed a global survey on fraud. The results of that
Question:
www.ey.com/Publication/vwLUAssets/Driving_ethical_growth__new_markets,_new_challenges:_11th_Global_Fraud_Survey/$FILE/EY_11th_Global_Fraud_Survey.pdf.
Instructions
Read the Executive Summary section, and then skim the remainder of the report to answer the following questions.
(a) 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?
(b) 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 risk assessment?
(c) 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?
(d) What are the top three issues of concern to compliance officers according to the survey?
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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