Fraud, bribery and corruption cause serious harm to business. They can have a major financial impact, damage an organisation’s hard-earned reputation and destroy company culture. That’s why ABAC Center of Excellence focuses on helping organisations address these risks – as a team effort.
According to the Association of Certified Fraud Examiners (ACFE), “Tone at the Top” – the ethical atmosphere that is created at an organisation or in a workplace by the attitudes and behaviours of an organisation’s leadership – is a major factor in determining whether fraud, bribery or corruption is likely to take place. That’s because employees lead by example. If their leaders show a strong, zero-tolerance approach to fraud, those who report to them are likely to follow.
In fact, the ACFE’s research shows that the most common determinants of ethical behaviour in the workplace are the following:
- Behaviour of superiors
- Behaviour of peers
- Industry ethical practices
- Society’s moral climate
- Formal organisational policy
There is also evidence that a company’s own employees are its best protection against fraud. Statistics show that most fraud is detected by internal tips, even more than audits and other methods. That means that employees are recognising fraud, understanding that it’s wrong and not acceptable at their workplace, and reporting it.
So it stands to reason that the more trained and educated a workforce is about fraud, bribery and corruption, the better that organisation will operate as a team in preventing and detecting those behaviours.
ABAC Center of Excellence uses this approach as a focal point in providing the training and knowledge your organisation needs to prevent fraud, bribery and corruption. Our experts tailor a program to your organisation’s needs, accommodating every level of your organisation to ensure that certification is a team effort among your employees.
3PRM-Certified™, addresses Tone at the Top by ensuring that an organisation’s governing body and top management are exercising appropriate oversight and meeting all legal requirements. But it also does so much more. The ISO 37001:2016 Anti-Bribery Management System certification empowers you with the ability to safeguard and maintain the integrity of your company by:
- Guaranteeing that all workers and agents are devoted to the latest anti-bribery practice.
- Regularly validating compliance to appropriate legislation like the FCPA and UK Bribery Act 2010
- Jointly cooperating with stakeholders to observe and reduce the risks throughout your supply chain
- Externally scrutinising your company, testing the effectiveness of your anti-bribery policies and processes
- Ensuring compliance in action
Most of all, ABAC Center of Excellence’s certification will help an organisation come together, united in efforts to prevent fraud, bribery and corruption. When financial losses begin to reverse and the organisation shows improved financial health, each employee will understand how their individual effort and attitude has helped make a positive difference in the fortunes of the company.
The ABAC Center of Excellence teaches that. It also increases employee pride and morale. Most of all, it demonstrates to staff that leadership supports them and will have their backs when it is time to do the right thing.
Nobody wants to feel they are on an island. ABAC Center of Excellence recognises that we are all on the same team when it comes to preventing fraud, bribery and corruption. Don’t delay on getting your organisation started on the path to certification today.