integrity matters guide to internal whistleblowing
Post on 14-Sep-2014
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Praising the bearers of bad news: The most powerful weapon against fraud is not an algorithm or a checklist but a whistle-blower. The Association of Certified Fraud Examiners calculates that three times as many frauds are discovered by tip-offs than by any other method. It also notes that firms with fraud hotlines, which staff can call anonymously, suffer smaller losses from fraud, and cut by seven months the “exposure gap” between the start of an illicit scheme and its discovery. A robust internal whistle-blowing mechanism is critical in detecting and deterring internal fraud. It is also a leading corporate governance tool and has one of the highest ROI's among various risk management measures.TRANSCRIPT
Internal Whistleblowing
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Organizations typically lose 5% of their revenue, on average, to internal fraud each year
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Audits, checklists & risk controls rarely detect internal fraud, malpractice, waste, abuse, policy violation etc.
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Employees and Business Partners often have knowledge of such wrongdoing
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But they do not speak up and do not report it internally
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For fear of detection and victimization
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Give them an internal, secure & anonymous way to communicate this to the appropriate authority within the organization
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�Secure multi-channel ethics reporting helpline
�Web-based case management portal
�Online policy and compliance trainings
�Advisory & investigation support services
Encourage and Manage Disclosures Internally with Integrity Matters’ -
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�Get desired anonymity
�Two-way interactions
�Secure & efficient
�Multi-channel
�Globally accessible
�Extensible to third parties
With Protected Disclosures
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�Single repository of all reports
�Role-based access control
�Complete audit trail
�Minimal misuse & senior management time
And Integrated Issue Management
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�Management Dashboard
�Standard reporting
�Ad-hoc reports
�On-demand 24/7/365
Get the FULL picture
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�Capture risks early
�Close the exposure gap
�Get quality with affordability
Strengthen your Internal Risk Radar
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Be the first to know
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YOU decide the course of action and fully control disclosed information
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With Data Security and Privacy that meets or exceeds your organizations policies
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�Reduce fraud losses
�Protect your brand
� Improve employee morale and productivity
�Avoid ER/PR disasters
�Demonstrate compliance
Invest in Integrity
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TURBO CHARGE your Culture of Integrity and
Good Governance
Code-of-Conduct / Policies
Ethics and Compliance Training
Issue Reporting
Case Management
Investigations and Reporting
Auditing, Monitoring and Analysis
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Build trust with independence, objectivity, security and privacy
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