Many fraudulent financial reporting schemes have unraveled due to whistleblowers or hotline tips. In today’s fast-paced environment, these fraud prevention programs are essential components in an organization’s internal control structure. Unfortunately, there are a various negative connotations with whistleblowers. Imagine you developing the whistleblower component of the company you work for, how would you structure the whistleblower policy? What measures would you put in place to reduce the barriers for employees to report fraudulent activity? (To answer this discussion question, you can use your current job, previous job experience or fictional job.)
The whistleblower should be designed in such a way that the fraudulent activities immediately reported.
The employees of the organization has to undergone proper training and education to identify any fraudulent activity. The of the organization has to be strictly informed that any un athical ,fraudulent activities has to informed to the management without fail.
Many fraudulent financial reporting schemes have unraveled due to whistleblowers or hotline tips. In today’s fast-paced...
a )Many fraudulent financial reporting schemes have unraveled due to whistleblowers or hotline tips. In today’s fast-paced environment, these fraud prevention programs are essential components in an organization’s internal control structure. Unfortunately, there are a various negative connotations with whistleblowers. Imagine you developing the whistleblower component of the company you work for, how would you structure the whistleblower policy? What measures would you put in place to reduce the barriers for employees to report fraudulent activity? (To answer this discussion...