Fraud Facts: Justifying Unethical Behavior

May 4, 2016

CFO and financial executives play a crucial role in executing effective fraud-risk management. Senior management, as part of Principle 8 of the 2013 COSO Framework, are expected to provide robust oversight of these risks. In a survey of 2,825 executives performed by EY, it seems some executives are willing to justify unethical acts (such as offering entertainment, cash payments, personal gifts or services, or misstating financial performance) in response to financial pressure. In fact, 42 percent of those surveyed would justify such acts to meet financial targets. To learn more about these findings and other interesting fraud metrics, read the full report.