No One Really Believes that Honesty Is the Best Policy

Ernst & Young's 2013 Fraud Survey

14/11/2013

Honesty

Ernst & Young's 2013 Fraud Survey has yielded some ugly results. 60% of the 3,000 board members and managers surveyed around the world said that the pressure to report positive financial outcomes had increased in the last 12 months. This is a delicate way of saying that owners and senior managers are prepared to do whatever it takes for their results to appear better than they actually are. 42% of board members admitted that their companies followed such practices.

Read full article at IESE's Economics Blog.