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View Diary: Overnight News Digest: Syria edition (42 comments)

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  •  Fraud Survey: 42% world companies = cheating (7+ / 0-)

    From Business Insider:

    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 surveyed said they were aware of "some type of irregular financial reporting".

    And despite scandals and regulatory failures in the wake of the credit crunch, almost a quarter of top financial services staff surveyed said they were aware of manipulation and almost 10 percent of all staff said their companies had understated costs, overstated revenues or used unprincipled sales tactics.

    http://www.businessinsider.com/...

    I ♥ President Barack Obama.

    by ericlewis0 on Mon May 06, 2013 at 09:49:43 PM PDT

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