COMMENATRY BASED ON
“EXPLAIN IMPORTANCE OF ANONYMOUS WHISTLEBLOWER HOTLINES IN FRAUD
One of the crucial reasons for collapse in any organization is the Scandals, Scams, fraud, etc. Thus, it is important to raise voice against such kind of practices. The topic for the discussion paper was importance of anonymous whistleblowers hotlines in fraud detection. The paper majorly focuses on the definition of fraud & how it is being practiced in various organizations all over the globe (KPMG, 2006).
Though, the paper lists certain examples such as Tyco, Worldcom & Enron in the United States, and Harris Scarfe Holdings & HIH in Australia. Apart from only citing the names of the firms the paper should also mention the facts & figures to make it clear as to what percentage of loss is contributed due to fraud.
This discussion paper talks about the theory aspect rather than stressing upon the facts. The discussion paper takes into account various in text citations such as a survey report conducted by KPMG, the view points of Jeremy Cooper, the deputy chairman of ASIC (Australian Securities and Investments Commission) (ASIC, 2009), this would provide a greater impact on the people reading/referring to this particular discussion paper. The amount of research conducted by the writer/ author on the topic is appreciated.
There is a lack of continuity in the middle of the paper. The paper should focus more on the importance of the whistleblowers hotlines rather than just discussing about what whistleblowers are. It should also include the advantages as to how an organization would benefit in the reducing the number of frauds. It should also cite some examples of the organizations that already have such kind of a system incorporated at their work place (Johnson, 2007). Discussion regarding the benefits acquired by any organization in terms of reduction in the numbers of frauds would influence other firms to incorporate the same. Citing the view points of the corporate in this regards would also have a greater impact on the other organization & would try to implement the same (Johnson, 2007).
Some more points regarding the importance of whistle blowing as well as the hotlines should be discussed rather than just quoting the fact that it is one of the important tools for fighting with the occurrence of fraud in an organization.
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