What Is The Number One Method To Prevent And Detect Fraud?

Welcome to MNP's blog series in support of Fraud Prevention Month. Throughout the month of March, we will be exploring various fraud prevention issues affecting businesses and individuals.

This first installment discusses the fraud prevention aspects of a whistleblower reporting service.

Whistleblower Reporting Line

Consider this hypothetical, yet common scenario.

John is an accounts payable clerk at a mid-sized, private corporation. His direct supervisor, Bob, is the accounts payable manager. Bob submits an invoice for payment and processing. All of the required documents are provided, with approval signatures, however, John didn't recognize the vendor name and the vendor's address is a post office box within the city.