Financial Integrity Training
Delivery Option: Online & Offline
All employees have a responsibility to maintain timely, accurate, and complete financial and business records. Employers must educate employees about business matters related to financial reporting and how employees should respond to difficult situations.
Why Train on Financial Integrity?
Financial audits are routine for almost every organization, and often organizations must comply with legal and regulatory reporting requirements. In addition, organizations use business and financial records for planning and strategizing; thus, current financial records affect the future health and success of the organization. Employees should understand that when they report questionable or potentially unlawful activity, their actions allow their organization to remain in compliance with the law, respond in a timely manner to potential fraud, and uncover unintended mistakes.
What Does this Course Cover?
This course, designed to be taken by all employees of an organization, will provide learners with an understanding of the importance of maintaining accurate and complete recordkeeping and reporting.
Employees will learn relevant laws and policies, how to maintain proper accounting and documentation, the procedures for reporting, and anti-retaliation measures that protect good faith employee reporting activities. In particular, the course teaches employees to:
- Become aware of laws and organization policies dealing with financial integrity
- Identify what types of documents are related to the organization's financial accounts, including: timesheets, expense reports, invoices, customer orders, sales reports, inventory records, accounting records and maintenance records
- Recognize when errors in accounting may be taking place
- Learn how to maintain proper accounting and documentation
- Learn the importance of reporting any potential accounting errors
- Learn procedures for reporting
- Appreciate the importance of following organization policy and maintaining accurate records
- Become aware of consequences for acting negligently or with dishonesty
- Understand that there are anti-retaliation measures written into the law and organization policy that protect good faith employee reporting activities
How is the Course Information Delivered?
Through a series of scenarios and interactive exercises, employees learn how to identify and respond to situations that may threaten an organization’s financial integrity. Employees are asked to answer multiple choice questions where they consider the possible outcomes and implications of hypothetical situations. They are also required to correctly answer three questions in a ‘Quiz Show’ exercise in order to complete the course. The course concludes with customized information about how to get assistance and report concerns within your organization.