Ethics Hotline Offers SOX Outlet

March 31, 2003 (PLANSPONSOR.com) - Ceridian has opened up an Ethics Hotline, a confidential telephonic service that enables employees to report Sarbanes-Oxley Act (SOX) violations such as accounting irregularities, falsification of contracts, and embezzlement.

Ceridian’s Ethics Hotline is also designed to go beyond the requirements of Sarbanes-Oxley and track other employee issues such as harassment, substance abuse, violent acts, and theft in the workplace, according to the firm.

Legal Requirements

Sarbanes-Oxley imposes a requirement on publicly traded SEC companies to establish formal procedures to receive, retain, and address complaints regarding accounting and auditing matters, according to Ceridian, which also notes that companies that do not have the appropriate vehicle in place by April 26, 2003, face “significant fines.”

Ceridian’s Ethics Hotline provides a confidential, anonymous 24/7 toll-free hotline, staffed by qualified professionals, according to the firm.   Ceridian’s Ethics Hotline specialists interview callers and track incident details.   An incident report, without revealing the caller’s identity, is e-mailed to the employer on a daily basis (in the case of emergencies, the employer is notified immediately).

Whistle “Stop”

Organizations that use Ceridian’s Ethics Hotline will have a proper venue for “whistleblowers,” thus reducing the probability that an employee will instead escalate a concern to the media, lawyers, stockholders, board members, or government agencies, according to the firm.   Additionally, since Ceridian is an outside party, employees can feel comfortable calling the hotline to report possible legal and ethics violations.

Companies interested in learning more about the hotline should call (800) 729-7655, Ext. 1213.

Ceridian offers a suite of managed business solutions for HRMS, payroll, tax filing, application outsourcing, time and attendance, benefits administration, and employee effectiveness services.

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