A fifth of City workers 'would fiddle their expenses' 

A tighter grip on expenses has been the New Year’s Resolution for many City firms, but nearly half (43.8%) of workers in leading City jobs; 40.7% in the banking and financial sector, claim that they would ignore it if they saw their boss being frivolous with company money according to City based decision consultancy, Project Brokers, which has revealed the results of a new survey on employee attitudes to company expenses.


Over a fifth of those surveyed (21%) would be tempted to submit a fraudulent expenses claim if they knew they wouldn’t be found out and would be even more likely to do so if they were struggling to pay bills and basic essentials at the end of the month, the survey revealed.


When those surveyed were questioned on the subject of client entertainment, 20% admitted that they would exceed their given budget without permission if it would increase the chances of winning the business, and nearly half of those responses came from those working in the banking and finance industry, closely followed by those in professional services such as the legal sector.

Similarly, Project Brokers survey also revealed that a quarter of all those surveyed across several different professions had never heard of the Bribery Act and a fifth of those had heard of it but believed that it did not directly affect their profession.


The majority of respondents (70%) claimed that the most serious offences to commit at work were both theft of company property and theft of company IP , with use of recreational drugs and intoxication deemed to be only ‘moderately serious’ and fraudulent expenses rated as ‘not very serious’. Respondents considered the only thing to be less serious than a fraudulent expenses claim was an office affair, with only 1% rating this offence as ‘moderately serious’.

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