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Whistleblower presentation
This document discusses whistleblower strategies and fraud detection methods. It recommends establishing secure whistleblower hotlines to detect fraud through anonymous tips in local languages. Effective hotlines are available 24/7 through multiple channels, ensure confidentiality and anonymity, and have response teams that thoroughly review and investigate all cases. The document promotes a customized online hotline called Scethicsline.com that supports these best practices for detecting fraud through whistleblower tips.
Whistleblower presentation
- 1. Fraud Examiner &Forensic Specialist. Mustapha B. Mugisa, CFE, CEH Implementing Successful Whistleblower Strategies The employee as an integral part in blowing the whistle. Forensic. Advisory. Fraud
- 2. Forensic. Advisory. Fraud Whatare the two fraud detection methods in your organization? How are they implemented?
- 3. ©2012 Association ofCertified Fraud Examiners, Inc. 3 Frauds are much more likely to be detected by tips than by any other method. Detection of Fraud Schemes
- 4. ©2012 Association ofCertified Fraud Examiners, Inc. 4 Initial Detection of Occupational Frauds
- 5. Detection of FraudSchemes ©2012 Association of Certified Fraud Examiners, Inc. 5 Source of Tips
- 6. Detection of FraudSchemes ©2012 Association of Certified Fraud Examiners, Inc. 6 Impact of Hotlines
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- 8. • Provides proceduresfor protection of individuals who disclose information in public interest • Provides protection against victimisation of such people The Whistle blowers Protection Act 2010
- 9. 2005 Code ofCorporate Governance of US In the 2005 Code of Corporate Governance (“Code”), the scope of duties of the Audit Committee was expanded, inter alia, to ensure that appropriate measures are put in place for employees to raise any concerns in strict confidence with respect to any act of misfeasance by the company’s management, together with appropriate follow- up independent investigation of the concerns raised. Other – best practices
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- 11. #1: Great strategy,poor implementation… 11 • Hotlines of local companies are managed abroad, where attendees don’t know the local language! • Processes are manual – suggestion boxes • No assurance of confidentiality and anonymity Cases like this would go free!
- 12. #2: Poor responseteam… 12 • Limited capacity to address the fraud problem • Tips are not adequately reviewed to conclusion
- 13. Forensic. Advisory. Fraud Casestudy https://www.scethicsline.com Web. Email. Phone. English, Luganda and Swahili. 24/7
- 14. Scethicsline.com features… 1. Secure– ensures total confidentiality & integrity Cases like this would go free!
- 15. Scethicsline.com features… 2. Secure– ensures total confidentiality & integrity Cases like this would go free! Supports many organizations – we can customize for your company.
- 16. Scethicsline.com features… 3. Available24/7 in English, Luganda and Swahili. Great reporting options and case management system. Web. Phone. Email We assure you of utmost confidentiality and anonymity. Cases like this would go free!
- 17. Scethicsline.com features… 4. Manageyour tips any time any where Promote Transparency. Get reports on any staff misconduct or fraud or customer complaint. Implementation period 1-4 weeks depending on size of the organization and readiness Cases like this would go free!
- 18. Q&A Thanks for yourtime… Mustapha Mugisa, CFE, CEH, CISA, MBA, CPA, CrFA Forensic specialist & fraud examiner 0712984585, mmugisa@summitcl.com Title of your presentation Forensic. Advisory. Fraud
- 19. Summit Consulting Forensic. Advisory.Fraud www.summitcl.com
- 20. We have been consistentlyranked by our clients as the best in our areas. We specialize in digital forensics, IT security, risk management and fraud prevention.
- 21. Our whistleblower reporting systemis secure & anonymous. https://www.scethicsline.com or email or phone. Available 24/7. English. Luganda and Swahili.
- 22. Are you gettingthe right forensic, IT security and anti- fraud training? www.iifft.org for all your training and certification needs.