Firms' anti-graft rules good in theory: EY poll

[SINGAPORE] More than half of the Singapore executives (59 per cent) polled by Ernst & Young in its first Asia-Pacific Fraud Survey say that while their companies' anti-bribery and anti-corruption (ABAC) policies are good in principle, they do not actually work well in practice.

This finding comes even as fraudulent practices are on the rise - showing a worrying disconnect between the policies that are in place and how they are applied in practice.

The Singapore response was also above the Asia-Pacific average of 48 per cent.