Difference between revisions of "Accounting fraud"

134 bytes added ,  06:48, 25 October 2021
Line 4: Line 4:


Since the inception of the SEC Whistleblower Program, whistleblowers have played a critical role in assisting the SEC to uncover and halt [https://www.accountingtoday.com/list/top-10-ways-companies-cook-the-books accounting schemes]. According to the [https://www.sec.gov/files/2020%20Annual%20Report_0.pdf SEC Whistleblower Program’s 2020 Annual Report], a majority of whistleblowers tips submitted to the SEC each year relate to violations in corporate disclosures and financials:
Since the inception of the SEC Whistleblower Program, whistleblowers have played a critical role in assisting the SEC to uncover and halt [https://www.accountingtoday.com/list/top-10-ways-companies-cook-the-books accounting schemes]. According to the [https://www.sec.gov/files/2020%20Annual%20Report_0.pdf SEC Whistleblower Program’s 2020 Annual Report], a majority of whistleblowers tips submitted to the SEC each year relate to violations in corporate disclosures and financials:
*2011: 51 corporate disclosures and financials tips
*2012: 547 corporate disclosures and financials tips
*2013: 557 corporate disclosures and financials tips
*2014: 610 corporate disclosures and financials tips
*2015: 687 corporate disclosures and financials tips
*2016: 938 corporate disclosures and financials tips
*2017: 954 corporate disclosures and financials tips
*2018: 983 corporate disclosures and financials tips
*2019: 1,107 corporate disclosures and financials tips
*2020: 1,710 corporate disclosures and financials tips


2011: 51 corporate disclosures and financials tips
In exchange for these tips, whistleblowers may be eligible to receive awards under the [https://whistleblower-rewards-and-protections-wiki.zuckermanlaw.com/index.php/Whistleblower_Protection_Laws#Dodd-Frank_Act Dodd-Frank Act’s] SEC Whistleblower Program. Importantly, '''even auditors and accountants may be eligible to receive awards under the program.'''
2012: 547 corporate disclosures and financials tips
2013: 557 corporate disclosures and financials tips
2014: 610 corporate disclosures and financials tips
2015: 687 corporate disclosures and financials tips
2016: 938 corporate disclosures and financials tips
2017: 954 corporate disclosures and financials tips
2018: 983 corporate disclosures and financials tips
2019: 1,107 corporate disclosures and financials tips
2020: 1,710 corporate disclosures and financials tips
 
In exchange for these tips, whistleblowers may be eligible to receive awards under the Dodd-Frank Act’s SEC Whistleblower Program. Importantly, '''even auditors and accountants may be eligible to receive awards under the program.'''


='''Accounting Fraud and Abuses & SEC Enforcement Actions'''=
='''Accounting Fraud and Abuses & SEC Enforcement Actions'''=