A corporation engaged in an illegal maneuver that lowered its reported Tax Expense on its financial accounting income statement and allowed it to receive an excessively high tax refund from the IRS.An accountant staff employee who oversee the company's accounts receivable potentially can recover a whistleblower reward:
A) Only under the IRS Whistleblower Program
B) Only under the Dodd-Frank Whistleblower Program
C) Under both whistleblower programs
D) Under no state or federal program whatsoever due to its breach of the duty of confidentiality

Question

Quizplus · Accepted Answer

The accountant staff employee potentially qualifies for whistleblower rewards under both the IRS Whistleblower Program and the Dodd-Frank Whistleblower Program since the illegal maneuver resulted in receiving an excessively high tax refund from the IRS. The employee can submit a tip to the IRS under the IRS Whistleblower Program or to the Securities and Exchange Commission (SEC) under the Dodd-Frank Whistleblower Program and potentially receive a reward for the information provided. The breach of the duty of confidentiality does not necessarily disqualify the employee from whistleblower reward eligibility.

A Corporation Engaged in an Illegal Maneuver That Lowered Its