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Nov 5, 2019 · The IRS’s Whistleblower Informant Award aims to uncover tax fraud. The U.S. Whistleblower Protection Act of 1989 guards government employees from retaliation when reporting a wide variety of ...
- The Wells Fargo Scandal
San Francisco-based Wells Fargo, one of the largest...
- The Wells Fargo Scandal
- A New Approach to Fraud
- Subverting Past Studies
- Building A Healthy Ethical Culture
For our study, we interviewed members of the board of directors of some of Canada’s largest public companies, along with some auditors. We asked the board members about their involvement in whistleblowing procedures to help prevent fraud. The board members we interviewed did not believe they were in a position to establish whistleblowing procedures...
Our results differ from past studies, most of which claim that the quality of board members plays an important role in fraud prevention by positively influencing the outcomes of whistleblowing procedures. One study found that individual characteristics, such as member independence (not being involved in the operations of the company) and financial ...
Our study offers Canadians a different perspective of business management by challenging a long-standing type of corporate governance theory known as agency theory. This theory assumes that the board of directors, which represent the interests of shareholders, should not be overly trusting of management teams because management normally looks out f...
Dec 10, 2021 · It goes back to the Civil War, and it has been adopted by modern regulators, such as the SEC whistleblower program [a similar program authorized in the 2010 Dodd-Frank Act], the DOT’s Motor Vehicle Safety whistleblower program, and more recently the Treasury’s anti-money-laundering whistleblower program that was passed into law in 2021.
Jul 7, 2019 · Early in the 21st century, whistleblowing was responsible for the detection of almost 20% of major corporate fraud cases in the US (Dyck et al., 2010). Moreover, a 2009 PricewaterhouseCoopers study of over 3,000 companies around the world revealed that 34% of incidents of economic crime were detected through whistleblowing, a figure that rose to 48% in the US ( Fredin, 2012 ).
- Farid Anvari, Michael Wenzel, Lydia Woodyatt, S. Alexander Haslam
- 2019
Audit committees have to address the various fraud risks head-on ensuring that appropriate safeguards are in place and that whistle-blowing channels are fit for purpose and working as intended. Employee fraud and misconduct. Misappropriation of assets and theft. Accounting manipulation to meet budgets.
Nov 14, 2018 · An analysis of more than 1.2 million records of internal reports made by employees of public U.S. companies reveals that whistleblowers are crucial to keeping firms healthy. The more employees use ...
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Nov 9, 2023 · Ensure that the whistleblowing policy language is clear and concise. The policy should outline the process for making a report (such as by independent telephone lines, online reporting, or dedicated email) and the protections afforded to whistleblowers. Companies should ensure the policy covers all aspects of whistleblowing, including the types ...
