AMERICA’S SEC PAYS RARE REWARD TO AUDITOR WHISTLEBLOWER
December 2nd, 2020
The United States Securities & Exchange Commission (SEC) has taken the unusual step of awarding a whistleblower involved in a company audit with a reward of more than USD300,000. Although individuals with audit or compliance responsibilities are generally not eligible for such awards, the SEC said it makes exceptions for whistleblowers who reasonably believes that a company’s conduct could impede an agency investigation. In this case after noticing potential securities law violations during audit-related work, the whistleblower’s “high-quality ...
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