Inspections and Audits « ethicsline.com

Inspections and Audits

Surprise audits are a common and effective form of fraud detection*. Global Compliance, the power behind EthicsLine, provides a wide range of verifications, inspections, and audits to work as part of an integrated solution to prevent and detect fraud. With 10 years of experience in field auditing and evaluating, Global Compliance had conducted audits and verifications across North America for major corporations in a variety of industries. Our base of 1,500+ experienced evaluators can supplement internal auditors or operate as external auditors.

Supplement for Internal Audit Departments – Geographically dispersed evaluators can supplement full time internal auditors in large and disparate operations where ongoing remote field inspections are not cost effective or time efficient but are required to effectively prevent and detect fraud. Highly skilled internal employees are relieved of routine administrative inspection/audit work and can focus on other core business tasks.
External Auditors – Experienced, geographically dispersed evaluators can operate as third-party, unbiased auditors where internal audit departments don’t exist and external audits are too infrequent to effectively deter and detect fraud.

*2010 ACFE Report to the Nations on Occupational Fraud and Abuse

Global Compliance can provide both overt and covert evaluations and verifications across a variety of industries and applications. We offer the following categories of Loss Control and Risk Management solutions:

An ACFE EthicsLine advisor will contact you shortly about our Hotline and other risk reduction solutions.

In organizations where surprise audits were utilized, the median loss resulting from the fraud was reduced 51.5% ($200,000 as compared to $97,000)
In organizations where surprise audits were utilized, the average duration of fraud schemes was reduced by 36.8% (from 19 months to 12 months)