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Policy for Reporting Fraud

The University has taken several measures to convey the philosophy of Boston College concerning white-collar crime on a University-wide basis.

  • The Finance and Audit Committee of the Board of Trustees has expressed strong endorsement of an aggressive approach concerning prevention and detection of fraud. In accordance with the Reporting of Fraud Policy, all fraud investigations are required to be reported to the Audit Committee.
  • Two important policies concerning employee conduct have been issued by the University.

The "Professional Standards and Business Conduct Policy" clearly indicates practices that are unacceptable at Boston College. Specific situations covered by this policy include:

  1. University Assets and Resources
  2. Use of University Computing, Information, and Record Systems
  3. Conflicts of Interest
  4. Supplemental Employment/Outside Activities
  5. Gifts and Entertainment
  6. Employer/Employee Relationships

The "Reporting of Fraud Policy" requires that each Boston College employee report any instance of suspected fraud to the Director of Internal Audit.  An anonymous Business Ethics Hotline (2-3194) has been established for employees to convey their concerns.

If you believe a possible fraud has occurred, and report it to Internal Audit, we will meet with you and review the evidence. If, based on our review, we conclude that there is reasonable evidence of an abuse, we will schedule an immediate audit.

The suspected abuses will be investigated and an examination of supporting documentation will be performed. If, as a result of our investigation a fraud is identified, the extent of the loss to the University will be determined by the auditors.

In accordance with the University Fraud Policy, frauds are reported to the perpetrator's department head, the Vice President for Human Resources, Financial Vice President and Treasurer, University Controller, Executive Vice President and University President. Legal counsel is also consulted. Legal counsel recommends to University management whether or not to prosecute. In the case of faculty, the fraud would also be reported to the Academic Vice President and the cognizant dean.

The Vice President for Human Resources, cognizant vice president, and Executive Vice President jointly recommend to the President whether to prosecute or take other punitive measures.