Kathy Adams, CEO of Veda, Inc., has called a management to a meeting to describe a comprehensive fraud prevention program. She is much supportive of both internal audit and investigation functions and realizes it would be cost-effective to encompass a comprehensive fraud prevention program.
The management team wants to institute some steps to make a cultural of honesty and high ethics in the company. The CEO tells Robert Ford and Joseph Bond that there are no limits to what they can institute. She said that she heard recently which it is good to have a hotline, so she has some interest in that tool.
What recommendations would you propose the CEO? Would you recommend a hotline? As part of your answer, Google search the key words fraud hotline. Recognize possible third-party hotline vendors which you can recommend. Specifically recognize some illustrations.