Effective whistleblower procedures pay off

Description

Abstract: In its 2010 study of occupational fraud, the Association of Certified Fraud Examiners reported that three times as many frauds in the study were uncovered by a tip as by any other method. So it pays to go beyond mere compliance and establish a comprehensive complaint-handling process. The procedures should make it easy for employees to make reports, but it’s also essential to follow up, even when tips don’t pan out.