As Economy Gets More Difficult, Will Unethical Behavior Grow?

As corporations are under increasing pressure to deliver growth and profit trend growth in an increasingly unstable world, a new report from the EY consulting (Ernst & Young) wonders “in such circumstances, is unethical growth an easy option? EY: Unethical behavior in reporting financials The results of a survey of 3,800 large corporate employees spanning 38 countries reported that over 40 percent of respondents say their firms often report financial performance as better than reality, with 61 percent saying in rapidly growing emerging markets bribery and corruption is widespread. The problem, particularly in the financial services sector, could get worse…