In an effort to help employees convey information about instances of financial malpractice in their workplaces, a firm that specializes in forensic accounting has set up a website that permits workers to confidentially or anonymously report fraud to the higher-ups in their companies. According to Forensic Accounting, the sponsor of FraudHotline.net, the site will be encouraging to those who wish to disclose fraud but fear possible retaliation.
Most people are too scared because there is nothing in it but a downside.
Bairoliya stated that the company would provide the specifics of alleged fraud cases to companies and could also give advice as to the validity of the charges, according to the Financial Times . In addition, users of FraudHotline.net will be able to access the site without incurring any fees. Companies that sign up for the service will be given website password that will be distributed amongst its hires.