Half of big UK public companies and one-third of large companies across
Europe believe the authorities are too reluctant to prosecute bribery cases, a
newly released survey shows.
The findings of the ‘2008 European Corporate Integrity Survey’, by compliance
Interactive, show concern over the issue of bribery by those responsible for
preventing corporate malpractice has increased by 14% on last year,
Accountancy Magazine reports.
The research also shows the sentences handed down are regarded too lenient
such as the two-and-a-half year sentence given to Fausto Tonna, ex-Parmalat CFO,
and the two-year suspended sentence to Loik Le Floch-Prigent, Elf chairman,
which were seen as too lenient by 67%.
Conversely, the 24 years given to Jeffery Skilling, ex-Enron CEO, and the 25
years to Bernard Ebbers, ex-WorldCom CEO, were considered too severe by 62% and
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up