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May 31, 2017

Fraud policies: Asia-Pacific employees confused about what is expected of them

By aziz rahman

Employees in Asia-Pacific were to work for organisations compliant with anti-fraud, anti-bribery and anti-corruption policies, but they are confused about what is expected of them as those policies are unclear and inconsistently delivered, according to a survey by EY Asia-Pacific.

EY’s Asia-Pacific Fraud Survey 2017 drew their findings from 1,698 interviews with employees of multinational corporations and domestic companies in 14 Asia Pacific countries. While 44% of respondents said they would accept a lower salary if it meant working for an ethical employer, 76% said they wanted their organisations’ corporate compliance policies to be simplified and localised to make them more understandable.

Furthermore, 39% of respondents said their organisation’s code of conduct in its current format had little impact on how employees actually behave.

EY Asia-Pacific leader, fraud investigation and dispute services Reuben Khoo said: “Employees are demanding absolute clarity and anything short of that impacts morale, hiring, retention and overall business performance. Corporates need to simplify their compliance protocols to help ensure employees follow them.”

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