Orange Bengals Owens Jersey

Orange Bengals Owens Jersey -

Ineffective control systems and diminishing ethical values are contributing to a growing prevalence of fraud in India, according to a recent survey by professional service firm Orange Bengals Owens Jersey KPMG.

Titled "India Fraud Survey Report 2010," the examination into corporate India found that 75 percent of those questioned believe that fraud cases had increased over the last two years. The report attributes this perception Orange Bengals Owens Jersey to the existence of mistrust within companies, individuals striving to achieve personal gains, pressure to meet earnings targets, and lack of control mechanisms.

The survey's respondents were made up of chairman/managing directors, chief financial officers, heads of internal audit and compliance, fraud risk managers, and other senior personnel at close to 1,000 leading organizations operating in a wide range of industries throughout India.

Among these industry leaders, a discouraging 81 percent believe that financial statement fraud is a major issue facing the country. Regarding the motive, 63 percent indicate a desire to meet or exceed market expectations as a leading cause, while 61 percent feel performance-based remuneration it the underlying instigator. An absence of appropriate Orange Bengals Owens Jersey repercussions could also be a driver, as indicated by the 62 percent of respondents who believe strict disciplinary actions are not enforced for those who commit financial statement fraud.