If you’re thinking about reporting unethical practices within an organization, Nashville whistleblower attorney Timothy L. Miles can offer valuable guidance. A whistleblower is someone who exposes illegal activities within their organization, and Nashville whistleblower attorney this role can be filled by employees, contractors, suppliers, or clients. The U.S. False Claims Act (FCA), often referred to as the Whistleblower Protection Act, provides crucial legal protection for those who report wrongdoing, ensuring they are shielded from retaliation such as job loss, discrimination, or harassment.

In the auditing and accounting sectors, professionals have specific rights and protections. Here, we address six common questions about whistleblowing in these fields.

1. Are auditors and accountants eligible to act as whistleblowers?

Absolutely. Various U.S. laws, including the IRS Whistleblower Program and the Dodd-Frank Act, allow auditors and accountants to become whistleblowers. Additionally, the Sarbanes-Oxley Act provides protection against retaliation for those who report financial misconduct.

2. What is the process for reporting tax fraud?

Tax fraud can be reported through the IRS Whistleblower Program. This program accepts claims from individuals who have credible information about significant tax violations. Since its inception in 2007, the IRS Whistleblower Office has recovered over $5.7 billion and awarded $931.7 million in rewards.

3. Can whistleblowers keep their identities confidential?

Yes, whistleblowers can choose to report misconduct anonymously or confidentially. The Dodd-Frank Act permits anonymous reporting; however, to receive a reward while remaining anonymous, whistleblowers must work with an attorney to submit their report.

4. Are there financial incentives for whistleblowers in auditing and accounting?

Yes, whistleblowers can receive financial rewards. Under U.S. reward statutes, individuals who provide original information leading to successful SEC enforcement actions can earn between 10% and 30% of any monetary penalties exceeding $1 million. The IRS Whistleblower Program offers rewards of 15% to 30% for cases involving over $2 million in taxes, penalties, and interest.

5. Must whistleblowers be U.S. citizens?

No, U.S. whistleblower protections apply to individuals regardless of their nationality. Non-U.S. citizens can report violations of U.S. securities laws or tax regulations, even if the offending company is based outside the U.S.

6. What additional protections are available for whistleblowers?

The Sarbanes-Oxley Act provides additional protection for whistleblowers who report violations of federal securities laws, SEC regulations, or fraud against shareholders. This protection extends to employees, contractors, and other associates of publicly traded companies. Successful retaliation claims may result in back pay, job reinstatement, and other damages.

If you’re considering blowing the whistle, contact Nashville whistleblower attorney Timothy L. Miles today.

If you have knowledge of fraudulent activities involving federal funds or entities, Nashville whistleblower attorney Timothy L. Miles can help navigate the whistleblowing process and explain your rights. Consultations are free and confidential. Contact him at (855) 846-6529 or email tmiles@timmileslaw.com. Discover how a Nashville whistleblower attorney can assist you in seeking justice.