“Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young said in a survey Tuesday. One in five of almost 3,500 staff quizzed in 36 countries in Europe, the Middle East, Africa and India said they had seen financial manipulation in their companies in the last 12 months, the accounting and consultancy firm said. In addition 42 percent of board directors and top managers questioned in the fraud survey said they were aware of ‘some type of irregular financial reporting.'”
http://www.cnbc.com/id/100715096
Related posts:
Countering rupee devaluation: Pakistani govt slaps temporary ban on gold imports
Egyptian military court jails 51 members of the Muslim Brotherhood
Facebook Must Face Gambit Suit Over Social Game Currency
Is eBay warming up to Bitcoin?
Syria Resolution Intentionally Vague, Obama Can Put Boots On The Ground
Ayahuasca: Could it be the next medicinal marijuana?
Why China Just Spent $2.3 Billion On America's Hottest Startups
Mexican police chief killed with rifle lost in ATF 'Fast and Furious' program
French-led forces in Mali take Timbuktu airport, enter city
French special forces ‘to protect’ Niger uranium mines
Marriott fined $600K for jamming guests' Wi-Fi for cybersecurity
Nineteen ICE agents call for dissolution of agency
Air Force One needs 2 new refrigerators. Together, they cost $24 million.
IRS Data Web Snares Mostly Low- and Middle-Income Taxpayers
Swiss court convicts former IMF official over Czech mining scam