Implementing means for employees to self-report any issues can be a cost-effective way of lessening the impact of fraud on your business operations. A properly implemented hotline and a well-educated workforce means that your company can be proactive rather than reactive when it comes to matters regulatory and legal violations, saving you from fighting fires in the long term.
Setting up a fraud reporting system can be a delicate matter. Employees should feel secure and be able to trust that their whistle-blowing efforts will not have negative repercussions. Furthermore, companies should be able to depend on the system they choose to implement functioning adequately and efficiently. This is where KPMG’s expertise and experience can be vital.