The ACFE 2018 Global Fraud Report has found the presence of a hotline materially affects how organisations detect fraud and the outcome of the case.
The ACFE 2018 Global Fraud Report estimates an organisation loses 5% of annual revenue to fraud. It is essential for leaders to understand the controls that are most effective in detecting fraud and then ensuring these are correctly deployed.
The ROI of a best-practice discrete reporting service is evident within the study with the ACFE finding “not only do organisations with hotlines detect fraud by tip-offs more often, but overall financial losses at these organisations were also 50 % smaller”.
Modern and best-practice discreet reporting programs allow organisations to detect misconduct earlier.
Read the results here:
Read the full report here.