LAKE MARY, Fla., May 18, 2023 /PRNewswire/ -- The Institute of Internal Auditors (The IIA) and the Association of Certified Fraud Examiners (ACFE) today jointly released Building a Best-in-Class Whistleblower Hotline, a report that examines the key elements of whistleblower hotline programs in workplaces worldwide. The report:
For the report, The IIA and ACFE conducted a global survey of their members in December 2022 and January 2023. 75% of respondents indicated their organizations have a whistleblower hotline program, while the remaining 25% indicated that their organization did not have a whistleblower hotline program, a program was being considered, or they were not sure if their organization had a program.
"Research by the ACFE indicates that whistleblower tips are by far the most common ways that fraud schemes are detected," ACFE President and CEO, Bruce Dorris, J.D., CFE, CPA, said. "Without effective whistleblower hotline programs in place, employees may not know where to turn if they suspect fraud is occurring within their organization. We're proud to be partnering with The IIA to provide this guidance for companies looking to establish, assess, or mature their...
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