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Sabina Dupras

Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views

Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...

Financial Blog Corliss Group From Corporate Giants to Main Street Fraud is on the Rise

started by Sabina Dupras on 27 May 14 no follow-up yet
Felipa Adams

Financial Blog Corliss Group: Russia Admits That Its Economy Is In Crisis - 1 views

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    MOSCOW (Reuters) - Russia's government acknowledged for the first time on Monday that the economy was in crisis, undermining earlier attempts by officials to suggest albeit weakening growth it could weather sanctions over Ukraine. Moscow markets wait to see the full scale of western measures over the seizure of Ukraine's Crimea and support of its referendum to join Russia, after losing billions of dollars in recent weeks in state and corporate money. More from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ https://www.facebook.com/corlissonlinefinancialmag https://twitter.com/CorlissGroupMag
Kevin Oneill

Subscription Newsletter Corliss Group Financial Magazine: Spain's underground economy i... - 1 views

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    Spain's economic crisis, the government's response to it, and pervasive corruption have inspired a flowering of the black market economy. FORTUNE -- Outside the front door of an IKEA in the Barcelona suburb of L'Hospitalet de Llobregat, a group of men -- mostly immigrants from Ecuador -- offer shoppers informal delivery services. In Spain's crisis economy, it's a competitive business -- to cut down on conflict, the drivers pick numbered balls to set a queue -- and with some negotiating, a shopper can get immediate delivery for less than what IKEA's official drivers charge.
Yelena Jakov

Corliss Online Financial Mag: Is corporate Singapore being too naive on fraud? - 1 views

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    Singaporean corporations are more naive in their approach to anti-fraud and corruption practices in comparison to the Asia-Pacific average, a survey from global accountancy firm Ernst & Young has found. According to the "Building a more ethical business environment survey," only 17 percent of Singaporean respondents acknowledged that planned investments in new markets will expose the company to new risks, compared to an average of around 35 percent for the Asia-Pacific region. "Companies in Singapore don't necessarily lag behind in terms of anti-fraud and corruption practices; what we found is a disconnect between policies that companies already have in place and the enforcement of those policies," said John Tudorovic, fraud investigation and dispute services partner at Ernst & Young. More Economic News: http://ireport.cnn.com/docs/DOC-1023271 https://www.ibm.com/developerworks/community/forums/html/topic?id=2de7c127-290e-44c8-b929-e5c04fc7f16e&ps=10
Alice Wright

Economist: U.S. market recovery is a fraud, Corliss Online Financial Mag - 1 views

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    Economist: U.S. labor market recovery is a fraud http://www.bizjournals.com/jacksonville/news/2013/10/02/economist-us-labor-market-recovery.html University of Central Florida economist Sean Snaith has this to say about the current labor market recovery: It's a fraud. That's because there's more to assessing economic recovery than just monthly payroll job gains and a declining unemployment rate, he said. "You need to look at the number of jobs being created in the context of the potential number of workers in the U.S. economy," Snaith said. "The gap between payroll employment and the Congressional Budget Office estimates of the potential number of workers in the U.S. economy is pretty darn scary right now." If payroll job growth were to persist at the average level of the past three jobs reports and increase at just 148,000 jobs per month, it would take until December 2021 for employment to reach its CBO estimated potential, he added. In his 2013 third-quarter U.S. forecast, Snaith explains that by just focusing on the unemployment rate, many analysts erroneously are predicting a fast recovery that's simply not there yet. That's why it's not surprising that consumers are holding back on spending, which in the past has brought the economy out of the doldrums, he said. Snaith was only one of four national economists to predict that the federal Reserve Bank would continue to funnel billions of dollars into the market on a daily basis as a way to help stimulate the economy and not begin tapering that process until 2014. "Will the Federal Reserve's exit be more like Ginger Rogers gliding across the dance floor or Miley Cyrus awkwardly twerking remains to be seen," Snaith said. "But given the phony labor-market recovery it could be some time before the Fed hits the dance floor." More Related Article: http://www.wattpad.com/25728832-the-corliss-group-stocks-surge-past-economic http://www.yellowbook.com/profile/corliss-group-the_1855
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