According to a new Ernst & Young survey,
illegal business practices including bribery are still used by many organizations to secure or retain business, despite the rise in international anti-corruption legislation and law enforcement…
Key findings of this global, private sector survey include:
* Although companies are doing more to establish anti-corruption programs, their efforts are being undermined by a lack of knowledge about relevant legislation.
* Two-thirds of respondents claimed to know nothing about the Foreign Corrupt Practices Act (FCPA).
* Over two-thirds of respondents believed their internal audit teams were capable of detecting bribery and corruption.
See full Article.
Posts
