Candidates applying for a job with finance firms are becoming increasingly brazen, often lying about their qualifications and previous positions, new research reveals.

A study of 3,000 CVs by the Risk Advisory Group showed that one in four contained false or incorrect information.

The biggest lies include academic qualifications, directorships, previous jobs and employment gaps. The group, which screens employees, said there has been a "marked increase" in the lengths to which candidates will go to mislead firms. Deputy md Richard Prior said: "The results are a warning to employers of taking too much at face value."

Incorrect CVs had an average of three lies, which meant they were effectively "bogus".