The scope of this document covers the high level policies required to be in place for the Internal Audit Directorate to ensure that Qatar Foundation (QF) is committed to the highest possible standards of openness, integrity and accountability in all its affairs, and maintain a culture of honesty and opposition to fraud and corruption. This policy not only covers possible improprieties in matters of financial reporting, but also covers other QF policies and operational activities. Fraudulent or corrupt acts may include:
Systems Issues Where a process/system exists that is prone to abuse by either employees or public. Financial Issues Where individuals or companies have fraudulently obtained money from the Company. Equipment Issues Where the Company’s equipment is used for inappropriate personal use. Resource Issues Where there is a misuse of resources, (for example, theft of materials). Other Issues Activities undertaken by officers of the Company which may be: unlawful; against the Company’s policies; falls below established standards or practices; or amounts to improper conduct.
The objective of the QF Anti-Fraud Whistle Blowing Policy is to provide the framework for Internal Audit Directorate to prevent, report, and manage fraud corruption to:
Internal Audit Directorate should develop an accessible communication channel to report on fraud in a confidential manner. Develop other Terms and Conditions and procedures where necessary:
Fraud The intentional distortion of financial statements or other records by persons internal or external to the company that is carried out to conceal the misappropriation of assets or otherwise for gain.
Corruption The offering, giving, soliciting, or acceptance of an inducement or reward, which may influence the action of any person.
Whistleblower A person who, in good faith, submits a confidential or anonymous allegation of misconduct or potential wrongdoing. Whistle-blowers are not those who raise issues or concerns through the normal business or management channels in an open, non-confidential manner.