Whistleblowers Still the Best at Detecting Fraud
Major Audit Firm Releases Corporate Crime Survey Results
According to the survey, while professional auditors were only able to
detect 19% of the frauds on private corporations, whistleblowers
exposed 43%. Moreover, the executives surveyed estimated that the
whistleblowers saved their shareholders billions of dollars.
“This survey is proof that corporate shareholders directly benefit from
whistleblower disclosures. Instead of firing the whistleblower, this
survey demonstrates that corporate culture should change,” Stephen M.
Kohn, President of the National Whistleblowers Center.
“Congress must do its job and enact comprehensive whistleblower
protections. Corporations must change their own operating culture and
stop retaliating against honest employee whistleblowers. Who loses when
a whistleblower is fired? The taxpayers and the shareholders,” added
The PricewaterhouseCoopers' Survey is consistent with statistics released by
the U.S. Department of Justice, demonstrating that employee
whistleblowers are responsible for detecting the majority of civil
frauds collected by the United States from unscrupulous and dishonest
The PricewaterhouseCoopers' Corporate Crime survey can be found here.