Feb
17
Hat tip to the Whistleblowers Protection website for alerting us to a court ruling that a former senior employee of global consulting firm Accenture, who was stationed in Paris, can sue for damages under Sarbanes-Oxley. The plaintiff, rosemary Mahony, was working for Accenture in France. She claimed the firm had demoted her after she accused it of withholding French social security payments and engaging in tax fraud.
You can read the decision here.
This is going to be interesting as China rolls out it’s SOX-equivalent, the Basic Standard for Enterprise Internal Control.
China doesn’t currently have much of whistleblower protection (or reporting mechanisms, for that matter).