High Point Academy

Fraud Prevention Policy and Procedure

This policy applies to employees, contractors, vendors, and their respective employees, contractors, subcontractors, or agents (collectively “Relevant Parties”) that are employed by, contracted, provide services to, or work with High Point Academy.

Fraudulent behavior and/or misconduct includes, but is not limited to, dishonest activity in which a Relevant Party acts contrary to the interests of High Point Academy by abusing his or her position in order to achieve some personal gain or advantage that is contrary to High Point Academy’s best interests or that results in a disadvantage or loss to High Point Academy.  Further, fraudulent behavior and/or misconduct includes, but is not limited to, the redirection of goods or services for personal use, inappropriate arrangements with contractors and other third parties, and/or theft or misappropriation of High Point Academy’s assets or finances.

High Point Academy is committed to ensuring that fraudulent behavior and/or misconduct is prevented, conflicts of interest are avoided, and systems are in place to deter and/or identify corrupt activities. Any employee who believes fraudulent misconduct has occurred is encouraged to file a written report with the Superintendent and/or the Board of Directors.

If the Superintendent or a Board member receives a report of alleged fraudulent activity and/or misconduct, he or she will notify the Board Chair as soon as practical.  If circumstances warrant and in compliance with the South Carolina Freedom of Information Act (“FOIA”), the Board Chair shall call an emergency or special-called meeting.  Upon receipt of a report of suspected misconduct or fraudulent behavior, the Board has the authority to investigate the report and hire a third-party audit of the relevant records. High Point Academy will work with legal counsel to decide if the contractor or vendor should be terminated and/or reported to the applicable law enforcement.

The Board, in consultation with legal counsel, will consider all reasonable avenues available for recovering any funds lost or compensation for other losses. Due consideration will be given to the likely benefits of recovery action exceeding the funds and/or resources required for the recovery action.