Fraud and Theft Prevention Policy
Fraud and Theft Prevention Policy
Fraud and Theft Prevention Policy
PURPOSE:
To prevent and detect fraud and theft, assign responsibility for implementing appropriate controls to prevent
and detect fraud and theft, establish the appropriate reporting mechanisms to be used for notification of known
or suspected fraud and theft, and establish the consequences for fraud and theft by employees.
APPLIES TO:
All O2O Holdings (PTY) LTD employees, customers, contractors, consultants, or other parties related to the
O2O Holdings.
POLICY STATEMENT:
Scope of Policy
O2O Holdings employees must comply with applicable state and national law.
As a publicly supported company, O2O Holdings has a fiduciary responsibility to conserve, preserve, and
efficiently use all company resources.
This policy applies to any known or suspected fraud or theft involving employees, customers, , contractors,
consultants, or other parties related to the O2O holdings (PTY) LTD.
The Managing director and Operational Manger are responsible for establishing the controls to prevent and
detect fraud and theft. The management are responsible for knowing the types of improprieties that might
occur within their areas of responsibility and for identifying and assessing any irregularities. O2O Holdings
employees are responsible for the prevention and detection of fraud and theft that might occur within the scope
of their work assignments and for reporting any known or suspected fraud and theft.
Any employee who has knowledge of fraud or theft of University Assets by any person or organization,
including another employee, and does not report it to University officials may be subject to disciplinary action,
up to and including termination of employment.
If the initial notification is to the Internal Audit Department, Internal Audit shall notify the appropriate campus
Public Safety office and vice versa.
Ordinarily, the submission of a resignation by an employee accused or suspected of fraud or theft will not
preclude later disciplinary action, including restitution and legal action. If restitution is required, payment
arrangements will be established with the office of the Provost/Executive Vice Chancellor, Lawrence Campus,
or the Executive Vice Chancellor, Medical Center.
CONTACT:
Department of Internal Audit
Strong Hall
1450 Jayhawk Blvd., Suite 351
Lawrence, KS 66045
Fraud Hotline: 785-864-1300
[email protected]