Financial culinary skilling
Posted by Charles II on May 9, 2013
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.”
Conspicuously missing from the country list: the US. Where Jeffrey Skilling of Enron could have his sentence reduced by 10 years. Because, of course, lightening penalties on white collar criminals deters crime.
4 Responses to “Financial culinary skilling”
Sorry, the comment form is closed at this time.