Fraud remains a very real risk. And yet, many companies are still failing to address it in any meaningful way.
Summary: In early 2011, our researchers conducted 2,365 interviews with employees in 25 European countries. The results suggest that while there has been an increased focus on compliance in the last five years, some companies still don’t see the benefits. As a result, the corporate response to fraud, bribery and corruption continues to face serious challenges.
In 2006, Ernst & Young performed its first survey of European organizations to find out employees’ perceptions towards fraud risks and how management and board members were responding to these challenges. Since then, the size and scope of our survey have increased significantly.
The 2011 European Fraud Survey reflects the views of more than 2,300 respondents — from the factory floor to the C-suite — in 25 countries. It contrasts the views found in the mature markets of Europe with those found in the developing markets on matters including:
- Employee perceptions of fraud
- Bribery and corruption
- Companies’ responses to the challenges posed by fraud risks
- The response of regulators and law enforcement
In this report, we take a look at the survey across the following topics: