Candidates applying for jobs at finance firms are increasingly likely to lie on their applications, research suggests.
Many applications are effectively bogus, TRAG says
A quarter of CVs contain incorrect or false information, The Risk Advisory Group (TRAG) said in a report.
Based on a study of 3,000 CVs, the group found the biggest lies involved academic qualifications, previous jobs, gaps in employment and directorships.
It found incorrect CVs now had an average of three pieces of misleading information on them.
"These results are a warning to employers of taking too much at face value when hiring people," TRAG deputy director Richard Prior said.
"Clearly any candidate could make a mistake when preparing a CV, but three mistakes are unlikely and effectively mean that these CVs are bogus."
TOP FIVE FINANCE CV LIES*
*SOURCE: The Risk Advisory Group
The findings back up another recent study which found half of UK firms rarely or never checked the academic qualifications of prospective employees.
The Chartered Institute of Personnel Development (CIPD) warned UK firms were a "soft touch" for CV fraudsters.
But its study did have a warning for people thinking of embroidering the truth on their application.
One in four bosses have withdrawn job offers after finding lies on a CV, while 23% have fired a member of staff they later found had lied to get the job.