(248) 804-3939 | Investigators License #3701206681 | Security Guard License #3801207038

Tip Line

DO TIP LINES ACTUALLY WORK?

The following are some of the best practices that have been shown to be particularly effective at preventing and detecting fraud in companies:

  • Establishing an anti-fraud hotline
  • Adopting an anti-fraud policy and code of conduct
  • Instituting management review procedures and fraud training for employees, managers and executives
  • Conducting surprise audits
  • Conducting external audits of internal controls used in financial reporting

Although it’s certainly important to have some anti-fraud controls in place, not all anti-fraud measures are created equal. For instance, the ACFE found that, out of 80% of the fraud cases reported, 42% of frauds were detected via hotlines (versus only 3% through external audits).

Author: Bridgette Austin, SMALL BUSINESS TRENDS & STATS http://quickbooks.intuit.com/r/trends-stats/fraud-statistics-every-business-should-know

DIO LLC Large Icon

Easy as 1,2,3

1

Report concerning information by phone or email to a qualified investigator with confidence that it is totally anonymous.

2

The investigator assesses all information and conducts a preliminary investigation to classify the report as THREAT/SAFETY/FRAUD.

3

A comprehensive report is provided to the appropriate human resources representatives at your place of employment using only a case tracking number.