Whistleblowers are a critical component in reporting fraud and misconduct in the workplace. They often provide pivotal evidence for a successful prosecution. Promoting a whistleblowing culture encourages transparency and integrity in the workplace, as well as protecting the value within the organisation.
Reform to whistleblower laws in Australia passed parliament in 2019 under the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017. These legislative changes mean publicly listed companies operating in Australia must now ensure they are compliant with whistleblowing legislation.
This is also an opportunity for all medium-to-large organisations with more than 50 employees to take a proactive approach in the way they protect, defend and respond to whistleblowers, and fraud and corruption more broadly within their organisations.
What should you consider?
- Do you have a whistleblower policy and has this been communicated?
- Do you have a process that enables anonymous reporting?
- Are your processes adequate to respond to any report received and ensure adequate protection for whistleblowers?
- Is your organisation able to adequately respond to any reports?
How BDO can help
Our experienced team works with clients to deliver a range of services:
- Develop whistleblower policy and procedures
- Review existing whistleblower policies and procedures
- Provision of whistleblower reporting services through our BDO Secure service (see below)
- Independent investigation of whistleblower reports.