Sarbanes – Oxley: Better Listen To The Whistleblower!
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- DRI,
- SEC,
- Sarbanes-Oxley Compliance,
- Sarbanes-Oxley,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Human Resources,
- Government,
- Financial Accounting,
- ...
- Source:
- DRI
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Overview: From the executive summary: ‘While numerous federal and state statutes provide notice to offenders that their conduct is improper and subjects the offender to fines and criminal sanctions, whistleblower statutes also provide a system to protect those individuals who report wrongful conduct to authorities. In recent years, whistleblowers not only received legal protection, but under selected statutes, may be awarded up to 30% of the award recovered by the Federal Government. The Sarbanes-Oxley Act of 2002 not only increases the requirements to disclose information to the Securities and Exchange Commission (SEC), but also provides whistleblower protection to employees who report a reasonable belief that a company subject to the SEC regulations has engaged in any of a number of fraudulent activities.’ The paper examines this issue.
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Format: PDF | Size: 22KB | Date: Jan 2003 | Pages: 8
