Audit Fraud Whistleblower Lawyer
Audit Fraud Whistleblower Lawyer
From conflicts of interest to financial cover-ups, auditing fraud can easily put investors at risk. Claim a reward and do the right thing by submitting a confidential tip to the SEC with help from an auditing fraud whistleblower attorney.
Accurate accounting and financial reporting is the key to stable financial markets and stock exchanges. Without accurate reporting, investors are unable to make informed decisions, which could lead to poor investments that lose thousands of dollars.
Audit firms are meant to prevent this from happening by catching shoddy accounting practices and fraudulent reports before they can mislead the public. Unfortunately, sometimes companies forge their audit results, often with the help of the auditors themselves.
When this happens, the Securities and Exchange Commission (SEC) will often sanction the audit firm as well as the company being audited. However, it’s not easy to catch this type of fraud—which is where whistleblowers come into the picture.
If you know of auditing fraud that’s taking place, an audit fraud whistleblower lawyer from Meissner Associates can help you report the misconduct to the SEC and potentially claim a sizable whistleblower award.
What Is Auditing Fraud?
Audit fraud most commonly occurs when a company colludes with its auditor to hide something or falsify audit results. The fraudulent audit report is then submitted to the SEC or the company’s investors, or it’s simply made public.
This type of false release is dangerous because it can materially mislead investors. For example, a company can be made to appear financially sound when it’s teetering on the verge of bankruptcy. Obviously, this can be incredibly dangerous to investors who are considering buying the company’s stock.
These are just a few of the many potential forms of auditing fraud:
- Overlooking misleading non-GAAP accounting practices
- Hiding poor internal controls used by a company or investment bank
- Allowing financial reports that over-estimate projected earnings
Auditors and Conflicts of Interest
Many cases of audit fraud occur after an inappropriately close relationship develops between the auditor and someone at the company being audited. If auditors develop romantic or friendly relationships with the people they’re supposed to audit, it can hinder their ability to be objective in their work.
If a whistleblower can supply evidence of this type of inappropriate auditor relationship, the SEC will use it in conjunction with other evidence during their investigation of the audit fraud. Generally speaking, this type of conflict of interest by itself won’t be enough to launch an investigation, although it can certainly make other evidence of fraud more compelling in context.
Become an Audit Fraud Whistleblower
Meissner Associates knows SEC whistleblowing law. We helped a Monsanto whistleblower expose the company’s poor internal controls and claim the largest SEC whistleblower reward yet paid to a US citizen. This is direct experience that will be put to use on your behalf.
To discover if the SEC will be interested in the auditing fraud you’ve discovered, submit your tip for a free, confidential evaluation. An experienced audit fraud whistleblower lawyer will review your information and let you know how likely the SEC is to act on it. Simply complete the form below or call 1-866-764-3100 to get started.