At present, integrity in companies and organizations is becoming very relevant. This is mostly due to the countless frauds that have come to light.
According to a global survey, 97% of executives assured the importance of rectitude in their companies, on the other hand, when investigating in depth, problems were found that cast doubt on this statement.
According to a study carried out by “Global Integrity Report: emerging markets perspective 2022”, 36% of the businessmen of Forensic & Integrity Services (EY), an important firm in the country, accepted that their organizations have received sanctions for unreliable conduct in their businesses. , this presented an increase compared to 2020 that had 32%.
In the same way, the study indicated that 62% of those surveyed consider that it is more difficult to maintain businesses in an integral way when it enters times of change or when the market is going through a difficult time.
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Alfonso Crespo Partner Forensic & Integrity Services, explained “Organizations are facing new challenges in decision-making; and in this context, the compliance areas play a fundamental role in preventing the materialization of risks and strengthening control mechanisms”.
Crespo stated that corporate integrity is important because it builds trust in workers and customers. He also added “this will allow them to differentiate themselves, as well as ensure their long-term value and sustainability.”
Regarding actions for the prevention of non-integral actions, 45% of the respondents reported that they have training to regulate integrity in organizations. Also, 31% indicated that the company motivates with incentives to motivate integrity.
As a final result, the study revealed that with 37% fraud, corruption and bribery were positioned as the main long-term integrity risks of the entities, in addition to the pandemic with 36% to culminate with u 27 % of cyber attacks.
Regarding cyber attacks, Crespo pointed out how important new technologies are as support and support.
I end by saying “The use of technology allows increasing efficiency in compliance management, monitoring and decision-making based on accurate information. In working with our clients, we have witnessed how the use of a flexible solution that facilitates the coordination and effective monitoring of their compliance program can save operational work time by more than 30% and the preparation time for audit processes in 50%”.
