Monday, January 21, 2013

Fraud hotline most effective tool

Confidential reporting hotlines can uncover fraud in half the time as other safeguards, according to an article in the Bennington Banner. Certified fraud examiner Christopher Rosetti said confidential reporting was proven in the business world to be the most effective tool at combating fraud, abuse, and waste. Rosetti said contrary to creating distrust, a confidential reporting system reinforced unity because most people are honest and ethical -- and willing to step forward, at least anonymously.
Citing a biennial survey by the Association of Certified Fraud Examiners (Rosetti sits as chair on that association's foundation), the fraud expert said the average organization lost about $6 a day per employee to fraudulent behavior. 

Nonprofit Imperative gathers its information principally from public documents...some of which are directly quoted. Virtually all cited are in some phase of criminal proceedings; some have not been charged, however. Cites in various media: Featured in print, broadcast, and online media outlets, including: Vermont Public Radio, Miami Herald, National Public Radio, Huffington Post, The Sun News, Atlanta Journal Constitution, Wall Street Journal (Profile, News and Photos), FOX2, ABC Spotlight on the News, WWJ Radio, Ethics World, Aspen Philanthropy Newsletter, Harvard Business Review, Current Affairs, The Chronicle of Philanthropy, St. Petersburg Times, B, USA Today Topics,, Responsive Philanthropy Magazine, New York Times...and many more Nonprofits: On the Brink (2006) Silence: The Impending Threat to the Charitable Sector (2011)
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