Need to report fraud or are just curious as to the reporting procedures for fraud if you happen to suspect it within your organization? One of the most valuable resources provided by the Fraud Policy and Procedure Manual is its in-depth reporting procedures for fraud. Think about it, if employees do not know how to report fraud, they may simply ignore it all together. What's worse, if you don't have a documented policy or procedure to report fraud, employees may simply take into their own hands, resulting in miscommunication along with ill-advised reporting procedures.

To report fraud, your employees need to be absolutely sure as to whom to report fraud to, what additional steps are to be taken, and what documented evidence must be in place when reporting fraud.

Contained within the Fraud Policy and Procedure Manual is a detailed Fraud Reporting Matrix, which details the following three (3) steps: (1). Personnel to notify in the event of fraud. (2). Procedures for calling an "ethics and compliance" hotline. (3). Steps to take to complete the "Fraud Alert" report.

The Fraud Reporting Matrix comes with a list of titles that are commonly found in organizations today, yet you can modify them accordingly. Additionally, the Fraud Policy and Procedure Manual also includes an Appendix section which provides you with a "Fraud Alert" report document, which is to be used when reporting alleged activities of fraud within one's organization.

Protect your business; be vigilant; report fraud by following the steps in the Fraud Policy and Procedure Manual.