Consider situations in which there is no accounting violation but there has been (or will be) an injustice suffered that is not recorded in the financial records but action (or inaction) by corporate management may result in a public health and safety or environmental protection violation. Discuss an accountant's options when management does not act to remediate, mitigate, or prevent 'noncompliance with laws and regulations' (NOCLAR). Consider each of the following: 1) the steps an accountant might take in determining if it would be appropriate and in the public interest to disclose the matter to an appropriate authority for investigation; 2) whether the accountant would be exposed to criminal, civil, or professional liability as a whistleblower; 3) whether laws exist that would protect the accountant from retaliation, such as termination of employment or other adverse employment actions; and 4) whether a company has an obligation to provide actionable steps that should be taken internally to try to address violations
Consider situations in which there is no accounting violation but there has been (or will be) an injustice suffered that is not recorded in the financial records but action (or inaction) by corporate management may result in a public health and safety or environmental protection violation.
Discuss an
1) the steps an accountant might take in determining if it would be appropriate and in the public interest to disclose the matter to an appropriate authority for investigation;
2) whether the accountant would be exposed to criminal, civil, or professional liability as a whistleblower;
3) whether laws exist that would protect the accountant from retaliation, such as termination of employment or other adverse employment actions; and
4) whether a company has an obligation to provide actionable steps that should be taken internally to try to address violations.
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