New E&Y Survey: 1 in 5 Employees in EMEIA Aware of Financial Manipulation in Last Year

/

AUTHOR’S POST

Mandy Moody, CFE
ACFE Social Media Specialist

Many surveys, numbers and stats make their way into my email every day, but a recent report left me speechless. Ernst & Young released the results of a fraud survey that found that one out of every five employees in EMEIA (Europe, Middle East, India and Africa) were aware of financial manipulation in their company in the last 12 months. Add to that, 57 percent believe bribery and corruption are widespread in their country.

For those of us in the anti-fraud profession these numbers may be shocking, but they aren’t surprising. We read and hear every hour about a new fraud perpetrated, caught or prevented. But, as the number of cases grow, so do the number of convictions, arrests and frauds thwarted.

Just as fraud isn’t isolated to a specific culture or country, neither is fraud prevention and detection. There is one aspect of the upcoming 24th Annual ACFE Global Fraud Conference that I am truly proud of. While it is being held in Las Vegas and many of the attendees are from North America, we also welcome anti-fraud professionals and speakers from more than 60 countries around the world.

For those of you coming to Las Vegas next month, here are a few events to look for if you are traveling from another country:

  • The Opening Ceremony includes an impressive procession of flags for countries represented at this year's event. Each flag is carried by an attendee from that country.
  • First-Ever International Attendee Reception: Held Sunday, June 23, 7- 9 p.m. in conjunction with the Welcome Reception, this inaugural reception gives you an exclusive opportunity to connect with other anti-fraud professionals from your region and beyond.
  • Breakout sessions dedicated to addressing global fraud challenges.
  • International Chapter Representative Meeting: Leaders from the international ACFE chapters are invited to a special gathering to exchange ideas on chapter development and growth, and review common goals shared by the ACFE.

Find more information and the full Conference Agenda at FraudConference.com.