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When Accountants Blow the Whistle

By: Marshall, David J.; Filoromo, Michael A. | The CPA Journal, May 2010 | Article details

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When Accountants Blow the Whistle


Marshall, David J., Filoromo, Michael A., The CPA Journal


A Brief Overview of Federal and State Protections

Over the course of their careers, a sizable percentage of accountants and other finance professionals will experience one or more instances in which their employers ask them to do something that might raise ethical or legal concerns.

These situations, which often come up unexpectedly, are as varied as the businesses in which they arise. For example, the CFO of a finance company might instruct an employee to lower an estimate of loan losses because the current figure could scare off a prospective buyer. While interfacing with external auditors, the CEO might question whether it is necessary to disclose to the auditors what …

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