The latest edition of EY’s UK Bribery Digest is now available to share with your clients, contacts and networks.
UK Bribery Digest 2019
Trading through Brexit: 10 questions for commodities traders
How can the digital transformation of reporting build the bridge between trust and long-term value?
Does your nonfinancial reporting tell your value creation story?
Treasury management systems overview
What is next for Interbank Offered Rates?
Annual reporting in 2017/18: demonstrating purpose, creating value
How do you teach AI the value of trust?
New Payment Practices and Performance Regulations
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The global business landscape is being reshaped by transformational events and trends. And that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors.
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Fraud, bribery and corruption continue to expose companies to heightened financial, regulatory and reputational risk
The findings of our fraud survey indicate that there remains a widespread tolerance of unethical behavior that goes to the very top of a business
They show that bribery and corruption are considered to be rife, while few individuals are willing to recognise that it could happen in their own industry sectors. Despite this, respondents to our survey indicate that there has been a decline across the board in the use of anti-fraud and anti-bribery measures precisely during a period when the incentives to act unethically have been the highest.
There exists a real need for companies and those charged with their governance and oversight, to revisit their focus on the risks of fraud, bribery and corruption. Given the current environment, more robust anti-fraud and anti-corruption efforts are an imperative.
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Despite over $11bn in penalties, the scale of corruption has shown no improvement globally since 2012, according to the 15th EY Global Fraud Survey.
Digital transformation creates new opportunities for companies to improve their legal, compliance and fraud risk programmes. Learn more.
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