Fraud Tips at Companies

Companies rely heavily on reports about questionable behavior from employees, customers, vendors, or other outside parties. Tips are the most common way that fraud is detected by companies, so any credible tip should be taken very seriously.

How does a company evaluate the credibility of a tip? Generally, it does not matter if the tipster is anonymous or not, although it’s reasonable to believe that those willing to put their names behind information do bring some measure of credibility to the information they are providing.

Reliable tips usually have a sufficient amount of detail as to be believable. The more vague the tip is, the less reliable it is likely to be. The information provided by the tipster should also make sense in light of known circumstances surrounding the company’s operation and the accused.

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