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DISCUSSIONS > ETHICS [ REFRESH ]
Thread Title: Ethics hotline
Created On Thursday December 13, 2012 5:24 PM
  Ethics hotline
  Ethics hotline
  Ethics hotline
  Ethics hotline


BeachyKeen


Posts: 32
Joined: Mar 2009

Thursday December 13, 2012 5:24 PM

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I am wondering how many of your organizations utilize an fraud/ethics hotline? If you do, is it provided by an external vendor? How successful has it been in exposing fraud?

I have read the statistics and passed them along to management, but they have not been receptive. I do not believe it is because they are afraid of being "exposed" - I believe it is because they feel the cost would be greater than the benefit received.

Would anyone be willing to share their experiences (without revealing any sensitive information, of course)?

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AUauditor


Posts: 114
Joined: Apr 2004

Monday January 07, 2013 9:11 AM

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My privately-held, manufacturing company with about 5,000 employees and US $800 million in revenue has a hotline. It is handled by an independent company, The Network out of Atlanta, Georgia US.

For the most part, it is a gripe line for HR issues. We receive about three or four calls a year that are ethics related compared to about 10 to 15 a month that are HR releated.

I am glad we have it, and we have been pleased with our vendor; however, I DO NOT think it pays for itsself (but I can't quote you how much we pay for it).

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LivetoLearn


Posts: 49
Joined: Jul 2010

Monday January 21, 2013 12:13 PM

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We operate our own ethics hotline. We are a small casino with approximately 500 employees. The Gaming Commission takes calls which are infrequent. I think having a hotline adds a positive note to the "tone at the top" that is said to be so important to helping prevent fraud.

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Buddie


Posts: 475
Joined: Apr 2004

Tuesday January 22, 2013 12:01 PM

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If you are a publicly traded company you may be required to have a hotline whether handled internally or externally by an TPA.

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DISCUSSIONS > ETHICS [ REFRESH ]
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