Fraud Hotline: Best Practices (Currently Unavailable)

Author: Paul McCormack

According to the Association of Certified Fraud Examiners, a fraud hotline is a crucial element of a company's fraud prevention program. Yet so many organizations don't deploy this highly effective tool in the fight against fraud.

This course provides practitioners with best practices regarding the implementation and management of a fraud hotline. It includes best practices applicable to small, medium and large organizations — including nonprofits/not-for-profits. The participants will learn how to monitor the effectiveness of a hotline, as well as specific steps to improve the performance of an existing fraud hotline.

Publication Date: July 2016

Designed For
CPAs responsible for preventing, detecting and investigating fraud.

Topics Covered

• Fraud definitions
• Detailed discussion of why implementing a fraud hotline is crucial to combating fraud
• How to create a business case to justify investment in a fraud hotline
• Fraud hotline "do's" and "don'ts"
• Three real world cases outlining fraud hotline best practices

Learning Objectives

• Identify fraud hotline best practices
• Recognize red flags associated with an ineffective fraud hotline
• Describe a business case to justify investment in a fraud hotline
• Differentiate how to maintain and improve fraud "IQ"
• Recognize main types of fraud
• Identify fraudulent disbursements
• Differentiate statements regarding the Association of Certified Fraud Examiners Reports to the Nations
• Describe the median loss that small companies experience when subject to fraud
• Identify characteristics of organizations and fraud detection
• Recognize how to properly implement hotlines
• Identify true statements following anti-fraud controls
• Recognize pros of a customized database (CDB)
• Describe what's included in corruption

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None