Integrity Matters Guide to Internal Whistleblowing

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Information about Integrity Matters Guide to Internal Whistleblowing
Business & Mgmt

Published on March 4, 2014

Author: yatish008

Source: slideshare.net

Description

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.

Internal Whistleblowing

Organizations typically lose 5% of their revenue, on average, to internal fraud each year © 2014 Integrity Matters. All Rights Reserved.

Audits, checklists & risk controls rarely detect internal fraud, malpractice, waste, abuse, policy violation etc. © 2014 Integrity Matters. All Rights Reserved.

Employees and Business Partners often have knowledge of such wrongdoing © 2014 Integrity Matters. All Rights Reserved.

But they do not speak up and do not report it internally © 2014 Integrity Matters. All Rights Reserved.

For fear of detection and victimization © 2014 Integrity Matters. All Rights Reserved.

Give them an internal, secure & anonymous way to communicate this to the appropriate authority within the organization © 2014 Integrity Matters. All Rights Reserved.

Encourage and Manage Disclosures Internally with Integrity Matters’ Secure multi-channel ethics reporting helpline Web-based case management portal Online policy and compliance trainings Advisory & investigation support services © 2014 Integrity Matters. All Rights Reserved.

With Protected Disclosures Get desired anonymity Two-way interactions Secure & efficient Multi-channel Globally accessible Extensible to third parties © 2014 Integrity Matters. All Rights Reserved.

And Integrated Issue Management Single repository of all reports Role-based access control Complete audit trail Minimal misuse & senior management time © 2014 Integrity Matters. All Rights Reserved.

Get the FULL picture Management Dashboard Standard reporting Ad-hoc reports On-demand 24/7/365 © 2014 Integrity Matters. All Rights Reserved.

Strengthen your Internal Risk Radar Capture risks early Close the exposure gap Get quality with affordability © 2014 Integrity Matters. All Rights Reserved.

Be the first to know © 2014 Integrity Matters. All Rights Reserved.

YOU decide the course of action and fully control disclosed information © 2014 Integrity Matters. All Rights Reserved.

With Data Security and Privacy that meets or exceeds your organizations policies © 2014 Integrity Matters. All Rights Reserved.

Invest in Integrity Reduce fraud losses Protect your brand Improve employee morale and productivity Avoid ER/PR disasters Demonstrate compliance © 2014 Integrity Matters. All Rights Reserved.

Code-ofConduct / Policies Auditing, Monitoring and Analysis Ethics and Compliance Training TURBO CHARGE your Culture of Integrity and Good Governance Issue Reporting Investigations and Reporting Case Management © 2014 Integrity Matters. All Rights Reserved.

Build trust with independence, objectivity, security and privacy © 2014 Integrity Matters. All Rights Reserved.

Your Partner in Systemizing Governance Thank You. Contact: Integrity Matters Suite No. 302, Powai Plaza, Central Ave., Powai, Mumbai 400076 E-mail: info@integritymatters.in Phone: (+91) 022 - 42152550 Web: integritymatters.in

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