Another way to detect fraud is by monitoring online message boards. Rarely, is there a posting that warrants an internal investigation — but taking the steps to regularly scan the board for problems ensures that you've taken measures to detect and address fraud. He further suggested that CFOs turn to their audit firm whenever something seems suspicious. All fraud tips and subsequent internal investigations should be well documented, he added.
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Reader CommentsDisplaying 1 of 1
Heather Turner
Mar 12, 2009 7:58 PM ET
Whistleblower Hotline
All great ideas, however, I recommend hotline calls go to the internal auditor or legal counsel instead of the external … more
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