With whistleblower activity on the rise, auditors and compliance professionals must make it a priority to ensure that internal reporting processes are up to the task. After all, of the 69% of insiders receiving whistleblower payouts from the SEC in fiscal year 2020, 85% raised their concerns internally before reporting to the SEC.
In ACFE’s The Fraud Examiner magazine, Jeff Matthews explains the factors behind the recent uptick in whistleblower claims, and outlines steps that organizations can take to strengthen employee reporting mechanisms and culture during this unprecedented time.
