Combined capabilities provide clients with a robust anti-fraud program
April 17, 2023 – GRF CPAs & Advisors (GRF) is pleased to announce a new strategic partnership with Whistleblower Software, an industry-leading system that empowers employees to report fraud at their organization in confidence. This powerful tool enables GRF clients to quickly establish a whistleblower program that is easy to use, highly secure, and compliant with EU regulations and whistleblower laws.
“Whistleblower Software is a terrific enhancement to our fraud detection and response services,” noted Mac Lillard, internal audit senior manager of GRF’s Risk & Advisory Services. “It provides employees a safe means for reporting fraud, and it is a centralized repository for our forensic accounting experts to securely document, investigate, and report back on whistleblower allegations received.”
Fraud prevention is an important component of a risk management program. “Losses from fraud cost billions each year, but organizations can drastically reduce their risk of fraud through whistleblower programs,” noted Melissa Musser, Partner, and Director of GRF’s Risk & Advisory Services. According to a recent ACFE report, insider tips were by far the most common method for detecting fraud — 42% of all fraud detected — and more than half of these tips came from employees.
The software enables organizations to create a link on their website or intranet for employees to report incidents. Employees can submit either a written or oral report and can opt to be confidential or completely anonymous. All metadata from documents is removed and voice messages are distorted for privacy. This platform is particularly beneficial for clients with global operations, as it is compliant with EU laws and supports more than 70 languages.
Whistleblower Software is ISO 27001 certified, ISAE 3000 audited, and uses initiatives such as End-to-End encryption to be Schrems II compliant. In 2023, it is ranked the #1 whistleblowing system in the world by rating platform G2.
Contact us for more information about services available through the GRF Risk & Advisory Services team. You can also create a free trial account to review the software on the GRF / Whistleblower Software platform.
About GRF CPAs & Advisors
Headquartered in the Washington, D.C. metropolitan region, GRF CPAs & Advisors (GRF) provides clients with a full suite of accounting, tax, and advisory solutions. For more than 40 years, the firm has supported the financial and operational success of for-profit and tax-exempt organizations locally, nationally, and around the world.