Fifteen percent of chief financial officers around the world are willing to make cash payments to win or retain business, according to a survey of executives interviewed by the accounting firm Ernst & Young LLP.
The firm’s annual “global fraud survey” of 400 finance chiefs, interviewed from November to February, found a greater tolerance of bribery compared with the previous year, when 9 percent said they would make cash payments. Five percent of CFOs said they would misstate financial performance, while 3 percent said that the year before, according to the survey.
While companies increased anti-bribery programs, 1,700 executives interviewed in 43 countries expressed “a certain degree of fatigue about anti-corruption compliance initiatives,” according to the survey. Aside from finance chiefs, Ernst & Young interviewed leaders in legal, compliance and audit.