Accountants and auditors as SEC whistleblowers - .PDF file.
Nearly every public company and financial industry firm subject to the enforcement jurisdiction of the US Securities and Exchange Commission employs both internal and external accountants and auditors. Under the SEC’s complicated whistleblower rules promulgated under the Dodd-Frank Act, these accountants and auditors may be able to use information obtained while performing their professional duties to blow the whistle on a client or employer and get a monetary award. This Alert is intended to make those rules relatively easy to understand.
Click on the link above to download this Latham & Watkins briefing.