Accountant whistle blowers to receive new protection

The financial reporting watchdog has inherited tough new powers to protect its whistleblowers from their employers.

The protected disclosure laws, which are used by other regulators, have been expanded to include whistleblowers to the FRC.

The legislation is aimed at will protecting workers from their employer if they bring wrongdoing to light in the public interest.

Paul Boyle, FRC Chief Executive, welcomed the new measures which he said would enhance the regulator’s ability to keep in touch with developments in the markets.

“We welcome this new protection for individuals who make disclosures to us within the terms of the legislation and we hope that it will encourage those who have information which may be relevant to our regulatory responsibilities to contact us,” he said.

Further reading: Protection for individuals making disclosures to the FRC