The following are some of the best practices that have been shown to be particularly effective at preventing and detecting fraud in companies:
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
Report concerning information by phone or email to a qualified investigator with confidence that it is totally anonymous.
The investigator assesses all information and conducts a preliminary investigation to classify the report as THREAT/SAFETY/FRAUD.
A comprehensive report is provided to the appropriate human resources representatives at your place of employment using only a case tracking number.