Global economic crime survey 2007: Engineering & construction industry supplement

Download Global economic crime survey 2007: Engineering & construction industry supplement (636kb)

The overall picture around economic crime in the Engineering and Construction (E&C) sector this year is somewhat mixed. Whilst the overall percentage of companies reporting incidents and the mean number of incidents are down in comparison to 2005 survey results, detection via chance mechanisms has increased, while the efficacy of internal audit in detecting economic crime decreased. In essence, companies may simply be detecting less economic crime, particularly in light of lower levels of respondents reporting strengthening
control systems.

Our results show that corruption and bribery remains a significant problem, meriting continued attention in the future, given that nearly a quarter of respondents globally, and over two-fifth of respondents in Central and Eastern Europe, report having been asked to pay a bribe. IP infringement also stood out as cause for concern, particularly in emerging markets, where incidence was high.

In this industry summary we examine data from 321 E&C companies in 40 countries. We compare and contrast their views with those of executives across all industries, as well as with E&C respondents interviewed in our 2005 survey. This report will help to highlight the importance of this issue to E&C industry executives, stimulate discussion, and aid in the development of increasingly effective means of combating economic crime.