Fraud-i

Fraud-i™ Awareness explains basic fraud and corruption risk concepts using an interactive approach designed to stimulate users’ interest and raise awareness.
More information

Awareness is the key to managing any risk, especially the risk of fraud and corruption. Fraudsters use deception to accomplish their schemes, and fraud costs tend to be hidden. Managers and other employees are expected to prevent, detect and/or address fraud and corruption incidents, but they can only do that if they have an understanding of the threats facing the organization, the ability to recognize the signs of deception, and the confidence and willingness to report their suspicions. Those skills are fraud awareness.

Fraud-i™ Awareness is designed to help people to understand the threats and train them to recognize the telltale "red flags" of fraud and corruption. It also encourages people to report their concerns, and provides a channel of communication for doing so. Respondents may be given the option to report anonymously. Fraud-i™ Awareness helps companies fulfill, in a proactive and positive manner, whistleblower provisions required or recommended in some jurisdictions. Even if not required, governance is improved when management listens to employees and encourages them to actively participate in fraud prevention.

As more and more companies subscribe to the United Nations Global Compact, they are finding that effective compliance with the 10 principles cannot be achieved by policy. Compliance requires the understanding and broad participation of employees. Fraud-i™ Awareness provides the two-way communication needed for companies to bridge the gap between good intentions and effective compliance.

Fraud-i™ Awareness training and policy deployment was developed with employees in mind, but it can easily be applied to contractors, consultants and other suppliers who should be officially informed about their customer’s ethics policies and the potential consequences of non-compliance.

Thus, Fraud-i™ Awareness is an easy-to-use e-learning tool which will provide immediate response, embed fraud and corruption awareness in the organisation and provide management with reports and feedback on the real risks of fraud and corruption within the company. Furthermore, Fraud-i™ Awareness can provide valuable input when allocating company resources.