posted by Sherill on Dec 26
Working as an accountant, you are handling information that is vital to a firm’s overall function. Improper accounting practices have resulted in many high-profile cases of insider trading, accounting information manipulation and other crimes that have resulted in jail-time. Recently, companies that have received bailout funds from the US government have been found to use them for bonuses whilst the company has already declared bankruptcy. All these facts and information are witness to many a crimes that have gone unnoticed well till somebody found the anomalies and reports them.
Accountants are some of the most used people in such cases for they have the ability to manipulate ever so creatively the records so do be aware of such cases and abide by the law. You are obligated first by the company to do your job and the law to report any anomalies that may make or break your firm. Though mostly despised and black-listed in the industry, whistle-blowers are the first to raise the red flags that causes the investigative wheel to grind and work.