Red Flag Reporting is a simple yet highly effective ethics hotline, safety hotline, and fraud hotline program designed to educate and empower people with tools to detect and report unethical and unsafe behavior. This service allows people to report any concerns regarding improper activity within the workplace.
What is anonymous reporting hotline?
An ethics hotline, also known as a compliance hotline, is an anonymous reporting tool that allows employees to report and possibly uncover illegal, unethical, and/or improper conduct. This communication is used when standard channels have been proven to be ineffective or impractical given the circumstances.
What are red flags in auditing?
A red flag is a warning or indicator, suggesting that there is a potential problem or threat with a company's stock, financial statements, or news reports. Red flags may be any undesirable characteristic that stands out to an analyst or investor.
Is Red Flag reporting anonymous?
Anonymous reports can have their limitations but remember, unlike anonymous letters, phone-calls, faxes or e-mails to the company, as a hotline provider Red Flag Reporting gives reporters the option to be anonymous to you but not to us. This allows us to gather follow-up information on your behalf.
How do you identify a red flag?
There is no universal standard for identifying red flags. The method used to detect problems with an investment opportunity depends on the research methodology an investor, analyst, or economist employs. This may include examining financial statements, economic indicators, or historical data.
What is included in the red flag Checklist?
Secure Identity Systems is the only company in the U.S. that offers the end-to-end solution for Red Flag compliance including: Initial Risk Assessment, Policies and Procedures Manual, New Account Authentication, Change of Address Verification, Identity Theft Protection with fully managed recovery, On-site Staff Aug 4, 2008