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What to do about whistle blower protection?
It's no secret that whistle blowers have not fared well under Sarbanes Oxley. Very few of the 491 whistleblower complaints of retaliation filed with OSHA have led to rulings for the employee, according to recent study. This is not new. But rarely have we heard talk of solutions. The intent of the law was to provide some protection to those willing to stand up for they think is right. According to Web CPA, some think there is a chilling effect brewing, which will result in fewer accountants and others willing to come forward with evidence of wrong-doing. A few tweaks to the law have been discussed, such as shifting responsibility for hearing these claims from OSHA to the SEC.
For more:
- here's a Web CPA article
Related articles:
- Enron 'whistleblower' a fraud?
- Will this Sarbox whistleblower fare any better?
- Sarbox-style whistleblowing not a lot of fun
- Morgan Stanley whistleblower complaint struck down
Read more on: Whistleblowers
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