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The use of a whistleblower hotline is one of the more effective measures organizations can implement as part of their fraud risk assessment program. What

The use of a whistleblower hotline is one of the more effective measures organizations can implement as part of their fraud risk assessment program. What is not one of the characteristics for an effective fraud hotlines?

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The program analyzes data received and compares the results to norms for similar organizations.

The whistleblower should be compensated with some time of reward for reporting.

The whistleblower process should be independently evaluated periodically for effectiveness, including compliance with established protocols.

To preserve the integrity of the whistleblower process, it must also provide a means of reporting suspected fraud that involves senior management, possibly reporting directly to the audit committee.

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