Accountant whistle blowers to receive new protection
Protected disclosure laws will apply to FRC
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