The Public Company Accounting
Oversight Board was created by the
Sarbanes-Oxley Act of 2002 to
oversee the auditors of public
companies in order to protect the
interests of investors.
Fraud-Hotline Services
Fraud-Hotline is an Internet based anonymous fraud reporting tip line.

Why is this service important and helpful:

  • According to the 2010 Nations on Occupational Fraud and Abuse study,
    the typical organization loses five percent of revenues to fraud

  • Fraud hotlines provide an effective deterrent against fraud

  • Employees may be more likely to report fraud if they feel they can do so
    anonymously to an independent third party

  • Section 304 of the Sarbanes-Oxley Act of 2002 requires audit committees
    of public companies to "establish procedures for the confidential,
    anonymous submission by employees regarding questionable accounting
or auditing matters"

The site was developed to help provide a cost effective, yet secure, means for
combating fraud and to help public companies comply with the fraud reporting
provisions of Section 304 of the Sarbanes-Oxley Act.