Survey & Statistics
Whistleblowing: An Australian Perspective Survey conducted by Ernst & Young in conjunction with the Australian Compliance Institute June 2004©
The survey reflected the opinions of 132 respondents of differing seniority across a diverse range of organisations. 80% of respondents believe employees would be more likely to report unethical behaviour if they could do so anonymously. 44% of respondents have or are currently implementing a whistleblower program consistent with the Australian Standard 60% of respondents have no whistleblower program but believe their organisation would benefit from doing so. 66% of respondents believe a whistleblowing program could positively impact an organisation´s culture.
Business Ethics and Compliance in the Sarbanes-Oxley Era A Survey by Deloitte & Touche LLP and Corporate Board Member Magazine 2004©
98% of survey participants agree that an ethics and compliance program is an essential component of corporate governance. “If whistleblower helplines are not managed by a third party, companies may have an issue with the anonymity requirements of Sarbanes-Oxley. These requirements are based on the premise that true anonymity of reporting can only be attained if the calls are fielded by someone outside the organization. We expect that in-house managed helplines may become a thing of the past.”
8th Ernst & Young Global Fraud Survey 2003
85% of all fraud committed internally or by those on the payroll Notification by employees next most effective detection tool to internal controls
The Freehills Whistleblowing E Survey 2003
Association of Certified Fraud Examiners (ACFE) 2002 Report to the Nation
Over half of the fraud in the survey produced losses in excess of $100,000 & one in six caused losses in excess of $1 million
The average loss in small companies costs $127,500
Average fraud operated for 18 months before detection
Most common method for detection “occupational” fraud was a tip from an employee, a customer, vendor or anonymous source
Fraud was detected by tips 41.1% of the time Internal audit was the second most common method of detecting fraud at 18.6.% of the time