Fraud prevention program, with hotline vendor recommendation
Kathy Adams, CEO of Veda, Inc., has called a management
to a meeting to discuss a comprehensive fraud prevention program. She is very
supportive of both internal audit and investigation functions and realizes it
would be cost-effective to have a comprehensive fraud prevention program.
The management team wants to institute several steps to
create a cultural of honesty and high ethics in the company. The CEO tells
Robert Ford and Joseph Bond that there are no limits to what they can
institute. She said that she heard recently that it is good to have a hotline,
so she has some interest in that tool.
What recommendations would you offer the CEO? Would you
suggest a hotline? As part of your answer, Google search the key words fraud
hotline. Identify possible third-party hotline vendors that you can recommend.
Specifically identify some examples. Do not discuss the same company example
previously listed on this Discussion Board.
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