If you’re contemplating reporting unethical or illegal activities, Nashville whistleblower attorney Timothy L. Miles is here to provide crucial support. A whistleblower is someone who exposes wrongdoing within an organization. Nashville whistleblower attorney This role can be fulfilled by employees, contractors, vendors, or clients who become aware of fraudulent behavior. The U.S. False Claims Act (FCA), commonly referred to as the Whistleblower Protection Act, offers essential legal protections for those who report violations, ensuring they are safeguarded from retaliation such as job loss, harassment, or other adverse actions.

Professionals in auditing and accounting have specific rights when acting as whistleblowers. Here are answers to six frequently asked questions regarding whistleblowing in these professions.

1. Can professionals in auditing and accounting become whistleblowers?

Yes, professionals in auditing and accounting can serve as whistleblowers under various U.S. laws, including the IRS Whistleblower Program and the Dodd-Frank Act. The Sarbanes-Oxley Act also provides protection against retaliation for those who report financial misconduct in these fields.

2. How should tax fraud be reported?

Tax fraud can be reported through the IRS Whistleblower Program, which allows individuals with reliable information about significant tax fraud to file a claim. Since its establishment in 2007, the IRS Whistleblower Office has facilitated the recovery of over $5.7 billion and awarded $931.7 million in rewards.

3. Can a whistleblower remain anonymous?

Yes, whistleblowers have the option to report fraud anonymously or confidentially. The Dodd-Frank Act permits anonymous reporting; however, to qualify for a reward while remaining anonymous, the report must be submitted through a legal representative.

4. Are there financial rewards for whistleblowers in the auditing and accounting fields?

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

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

No, whistleblower protections extend 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 protection for whistleblowers who report violations of federal securities laws, SEC regulations, or shareholder fraud. This protection applies to employees, contractors, and agencies of publicly traded companies. If retaliation occurs, successful claims may result in back pay, job reinstatement, and additional damages.

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

If you have information about fraud involving federal funds or entities, Nashville whistleblower attorney Timothy L. Miles can guide you through the whistleblowing process and clarify your rights. Consultations are free and confidential. Reach out at (855) 846-6529 or email tmiles@timmileslaw.com. Learn how a Nashville whistleblower attorney can help you seek justice.