If you’re considering reporting illegal activities within your organization, Nashville whistleblower attorney Timothy L. Miles is ready to provide expert legal assistance. A whistleblower is anyone who exposes wrongdoing or unethical practices within an organization. Nashville whistleblower attorney This role can be taken by employees, contractors, clients, or vendors. The U.S. False Claims Act (FCA) and other laws offer protection to whistleblowers from retaliation, including job loss, harassment, and other forms of discrimination.

Auditors and accountants are crucial in uncovering financial misconduct and have specific legal rights when they blow the whistle. Here are answers to some common questions about whistleblowing in the auditing and accounting fields.

1. Can professionals in auditing and accounting become whistleblowers?

Yes, auditors and accountants can serve as whistleblowers under U.S. laws such as the IRS Whistleblower Program and the Dodd-Frank Act. The Sarbanes-Oxley Act also protects these professionals from retaliation when reporting financial fraud.

2. How should tax fraud be reported?

Tax fraud can be reported through the IRS Whistleblower Program. This program allows individuals to provide information about significant tax fraud. Since its inception in 2007, the program has successfully recovered over $5.7 billion and awarded $931.7 million to whistleblowers.

3. Is it possible to report fraud anonymously?

Yes, whistleblowers can choose to report anonymously. Under the Dodd-Frank Act, anonymous reporting is permitted. To qualify for a reward while maintaining anonymity, whistleblowers must work with an attorney to submit their reports.

4. Are there financial rewards for whistleblowers in the finance sector?

Yes, whistleblowers may receive financial rewards. Under U.S. whistleblower laws, those who provide significant information leading to successful SEC actions can earn 10% to 30% of any penalties exceeding $1 million. The IRS Whistleblower Program offers rewards of 15% to 30% for information resulting in a recovery of more than $2 million in taxes, penalties, and interest.

5. Do whistleblowers need to be U.S. citizens?

No, whistleblower protections apply to all individuals, regardless of citizenship. Non-U.S. citizens can report violations of U.S. federal laws concerning securities or tax matters, even if the company involved is located outside the United States.

6. What additional protections are available for whistleblowers?

The Sarbanes-Oxley Act provides protections for auditors and accountants reporting violations of federal securities laws or shareholder fraud. These protections extend to employees, contractors, and affiliates of publicly traded companies. Whistleblowers facing retaliation may be eligible for remedies such as compensation and reinstatement.

If you are considering reporting wrongdoing, contact Nashville whistleblower attorney Timothy L. Miles today.

If you have knowledge of fraud affecting federal resources or organizations, Nashville whistleblower attorney Timothy L. Miles can provide expert guidance through the reporting process and explain your legal rights. Consultations are confidential and free of charge. Reach out at (855) 846-6529 or email tmiles@timmileslaw.com. Discover how a Nashville whistleblower attorney can assist you in seeking justice and potential rewards.