Corruption

Same Level of Corruption Recorded in Russian, U.S. Businesses – Survey

Thirty-four percent of respondents in Russia and and the United States agree that bribery and corruption are widespread in their country, a survey by multinational financial services company EY reported.

The survey results show business professionals in both countries agreed that corruption in business was widespread in their respective nations.

EY — better known as Ernst & Young. — conducts annual investigations into economic corruption worldwide. The 14th annual survey was conducted from October 2015 to January 2016 by global market research agency Ipsos MORI. They held 2,825 interviews in a sample of the largest companies in 62 countries and territories.

In the survey's foreword, global leader of the fraud investigation David Stulb wrote: “There remains a worryingly high tolerance or misunderstanding of conduct that can be considered inappropriate.”

In last year's EY survey, 48 percent of Russian respondents said that corruption was a widespread issue in their industry.