Exam 12: Duties As a Whistleblower

Two whistleblowers reported perceived tax evasion to the IRS.The first whistleblower estimates that the amount of underpaid taxes is $50,000.The second whistleblower estimates that the amount of underpaid taxes is $4 million.Which of these two whistleblowers is most likely to be an altruistic whistleblower?

A corporation engaged in an illegal maneuver that lowered its reported Tax Expense on its financial accounting income statement and allowed it to receive an excessively high tax refund from the IRS.An employee who works for this company potentially can recover a whistleblower reward:

A company maintains a whistleblower hotline to encourage reports of abusive accounting practices within the company.The hotline allows callers to identify themselves or to remain anonymous.Under the Sarbanes-Oxley Act,if a caller provides his or her identity,this identity may:

A corporation engaged in an illegal maneuver that lowered its reported Tax Expense on its financial accounting income statement and allowed it to receive an excessively high tax refund from the IRS.An accountant staff employee who oversee the company's accounts receivable potentially can recover a whistleblower reward:

Why is whistleblowing a relatively recent phenomenon?

To encourage interested parties to report fraudulent accounting practices,a company maintains a whistleblower hotline.A person left a message on this hotline anonymously,but the company's Chief Regulatory Compliance Officer was able to identify this caller based on her voice and surrounding facts.As a result,the company may:

The Code of Conduct adopted by the Institute of Management Accountants:

Under its whistleblower program,the IRS does not welcome information from:

Corporate employees who become whistleblowers are most likely to become:

Private citizens benefit financially from a "qui tam" lawsuit only if a lawsuit is initiated under the False Claims Act on behalf of the federal government.If individuals pursuing this type of legal action were entitled to keep 90% of the winnings,how do you believe society would change?