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KPMG Llp
Corporate Fraud and Misconduct Risks Driven by Pressure to do 'Whatever It Takes,' According to New KPMG Study
January 4th, 2009
A new study says pressure to do "whatever it takes" to achieve business goals continues as the primary driver behind corporate fraud and misconduct, the audit, tax and advisory firm KPMG LLP said. Of more than 5,000 U.S. workers polled this summer, 74 percent said they had personally observed misconduct within their organizations during the prior 12 months, unchanged from the level reported by KPMG survey respondents in 2005. Roughly half (46 percent) of respondents reported that what they observed "could cause a significant loss of public trust if discovered," a figure that rises to 60 percent among employees working in the banking and finance industry. ...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-04)
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