Identification and Protection of Corporate Whistle-blowers: A Legal Perspective
Purpose: Internal audit, management review, and account reconciliation are popular tools for combating corporate fraud, but whistle-blowing is the most prevalent. Whistle-blowers frequently fear reprisal from coworkers and bosses. That is why they require protection and support. Many international...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2022-03-01
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| Series: | Journal of Accounting and Finance in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2204 |
| _version_ | 1818006594543157248 |
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| author | Naheeda Ali Kanwal Iqbal Khan |
| author_facet | Naheeda Ali Kanwal Iqbal Khan |
| author_sort | Naheeda Ali |
| collection | DOAJ |
| description |
Purpose: Internal audit, management review, and account reconciliation are popular tools for combating corporate fraud, but whistle-blowing is the most prevalent. Whistle-blowers frequently fear reprisal from coworkers and bosses. That is why they require protection and support. Many international organizations have advocated that countries adopt regulatory frameworks for protecting whistle-blowers. Therefore, the current study investigates the notion of whistle-blowing to compare it to Public Interest Disclosure Act 2017 of Pakistan, which was enacted. It identifies the influence of legal and ethical cultural norms in organizations on whistle-blowing behaviour.
Design/Methodology/Approach: Qualitative method was used to analyze statutes, local and international protocols, rules and regulations of Pakistan and developed countries.
Findings: The results suggest that the development of legal and ethical culture in a business may inspire whistle-blowing, and whistle-blowers may feel psychologically safe when reporting wrongdoings. Further, whistle-blowers must be legally supported and encouraged to function as corporate monitors, discouraging wrongdoers to the point of elimination.
Implications/Originality/Value: It is suggested that the Act be revised to address the existed flaws. The Act is specifically amended to cover private-sector whistle-blowers, and an impartial, external reporting channel is established under one of the existing specialized organizations that deal with fraud. In particular, anti-corruption bodies, like National Accountability Bureau, has established as an external reporting and investigative channel.
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| first_indexed | 2024-04-14T05:03:17Z |
| format | Article |
| id | doaj.art-0b4a473ef83c434f89cf3ff882ae0b48 |
| institution | Directory Open Access Journal |
| issn | 2519-0318 2518-8488 |
| language | English |
| last_indexed | 2024-04-14T05:03:17Z |
| publishDate | 2022-03-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Accounting and Finance in Emerging Economies |
| spelling | doaj.art-0b4a473ef83c434f89cf3ff882ae0b482022-12-22T02:10:50ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882022-03-018110.26710/jafee.v8i1.2204Identification and Protection of Corporate Whistle-blowers: A Legal PerspectiveNaheeda Ali0Kanwal Iqbal Khan1The University of the Punjab, Gujranwala Campus, Gujranwala, PakistanUniversity of Engineering and Technology, Lahore, Pakistan Purpose: Internal audit, management review, and account reconciliation are popular tools for combating corporate fraud, but whistle-blowing is the most prevalent. Whistle-blowers frequently fear reprisal from coworkers and bosses. That is why they require protection and support. Many international organizations have advocated that countries adopt regulatory frameworks for protecting whistle-blowers. Therefore, the current study investigates the notion of whistle-blowing to compare it to Public Interest Disclosure Act 2017 of Pakistan, which was enacted. It identifies the influence of legal and ethical cultural norms in organizations on whistle-blowing behaviour. Design/Methodology/Approach: Qualitative method was used to analyze statutes, local and international protocols, rules and regulations of Pakistan and developed countries. Findings: The results suggest that the development of legal and ethical culture in a business may inspire whistle-blowing, and whistle-blowers may feel psychologically safe when reporting wrongdoings. Further, whistle-blowers must be legally supported and encouraged to function as corporate monitors, discouraging wrongdoers to the point of elimination. Implications/Originality/Value: It is suggested that the Act be revised to address the existed flaws. The Act is specifically amended to cover private-sector whistle-blowers, and an impartial, external reporting channel is established under one of the existing specialized organizations that deal with fraud. In particular, anti-corruption bodies, like National Accountability Bureau, has established as an external reporting and investigative channel. https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2204Corporate LawCorporate GovernanceCorporate CrimeWhistle-blowerInternal Audit |
| spellingShingle | Naheeda Ali Kanwal Iqbal Khan Identification and Protection of Corporate Whistle-blowers: A Legal Perspective Journal of Accounting and Finance in Emerging Economies Corporate Law Corporate Governance Corporate Crime Whistle-blower Internal Audit |
| title | Identification and Protection of Corporate Whistle-blowers: A Legal Perspective |
| title_full | Identification and Protection of Corporate Whistle-blowers: A Legal Perspective |
| title_fullStr | Identification and Protection of Corporate Whistle-blowers: A Legal Perspective |
| title_full_unstemmed | Identification and Protection of Corporate Whistle-blowers: A Legal Perspective |
| title_short | Identification and Protection of Corporate Whistle-blowers: A Legal Perspective |
| title_sort | identification and protection of corporate whistle blowers a legal perspective |
| topic | Corporate Law Corporate Governance Corporate Crime Whistle-blower Internal Audit |
| url | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2204 |
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