Waiters Aren’t the Only Ones Who Rely on TIPs !! Innovative FRAUD prevention Technique


I came across this extremely  innovative concept in an advertisement of ETHICSLINE, an Hotline provider in ACFE‘s Anti-Fraud Resource Guide that states

“IPs are the leading method for detecting organizational FRAUD & Abuse.”

Well, right here is an extremely amazing & clandestine idea that was revealed to me & its a pleasure to share this info with you all.

Everybody has heard about various HOTLINE’s available for different products & concepts viz.  Customer care, Order, Inquiries, Public facilitation, etc. But has anyone ever thought about maintaining the information database on numerous Compliance issues for an induvidual, a Company or any form of Business Entity.

Why is it Necessary:

Hotlines provide a confidential and anonymous means through which fraud and other forms of business misconduct may be reported. Since no organization is immune to organizational fraud and abuse, a hotline can enable early detection and minimize the negative impact to your business.

And, hotlines are mandatory for many companies: Section 301 of Sarbanes-Oxley (SOX) requires publicly traded corporations to establish procedures for the confidential and anonymous submission of concerns regarding accounting or auditing matters. Even private companies, academic institutions, and government entities who are not currently required to comply with SOX have instituted hotlines since they are relatively inexpensive “insurance” when compared to other forms of internal control and provide real, measurable, anti-fraud benefits. Hotlines are also a core part of an “effective” ethics and compliance program as defined by the U.S. Federal Sentencing Guidelines.

What is it about?

Global Compliance introduced the original compliance reporting hotline in 1981 and is now the largest and most innovative provider – serving thousands of clients and their 25 million employees in over 200 countries. Global Compliance’s current client base includes 50% of the Fortune 100, 35% of the Fortune 1000, and 25% of the Global 500, along with major academic institutions, government entities, and non-profit organizations.

As the most experienced provider of hotlines worldwide, Global Compliance has built a proprietary database of over 3 million hotline reports – it’s the largest and most robust source of ethics and compliance reports in the world.

In addition to hotline and case management services, Global Compliance also offers expert advisory services, training and awareness programs, and benchmarking that leverages the proprietary database and provides contextual insight into ethics and compliance program performance. These services are also offered and delivered globally to its international client base today.

Hotlines are an effective means of uncovering allegations or concerns specific to:

  • Accounting, Auditing, and Financial Reporting
  • Business Integrity
  • Diversity, Equal Opportunity, and Workplace Respect
  • Environment, Health and Safety
  • Human Relations, Administrative, Compensation
  • Misuse or Misappropriation of Organizational Assets, Information

read more info @ http://www.ethicsline.com

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One Response to “Waiters Aren’t the Only Ones Who Rely on TIPs !! Innovative FRAUD prevention Technique”

  1. weight Says:

    yeah my dad will like this

    Like


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