Is this a good time to be a corporate whistleblower? Probably, according to a panel of watchdog experts, with some caveats.
The ACFE’s 2020 Report to the Nations shows that tips remain the most common way for fraud to be detected, which accounted for 43% of the survey respondents’ cases. However, panelist Stephen Kohn, a longtime counsel to whistleblowers, said employees should think twice before they report problems internally.
“My message to members is, don't fall on your sword,” said Kohn, chairman of the board of the National Whistleblower Center and partner, Kohn, Kohn & Colapinto LLP. “If you raise a concern, if you issue an audit report, if you make an internal complaint — and you get resistance from the company — don't set your hair on fire,” he said.
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