By Aaron Nicodemus2021-07-28T13:00:00
Once the individuals featured in this series decided to blow the whistle, their lives were forever changed.
For Dee Dee Stone, a Texas CPA, the decision to blow the whistle in 2011 on a client who was operating a Ponzi scheme was a relatively easy one.
That client, fellow CPA David Ronald Allen, was the chief financial officer of an asset-backed investment scheme called China Voice Holding Corp. While Stone was processing tax returns for Allen’s investment partnerships as a subcontractor, she saw China Voice bank statements and knew something was off. When confronted, Allen tried to explain away the fact the investment vehicle looked like it was using new investor money to pay off high returns promised to existing investors, she said. But as Stone had already copied bank statements and tax returns, she knew Allen’s explanations did not measure up with the facts.
2025-10-07T20:32:00Z By Jaclyn Jaeger
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
2025-10-07T16:21:00Z By Charles Thomas, CW guest columnist
On a gray Tuesday morning, the audit seemed routine. A stack of binders sat on the table, the compliance officer was confident, and the regulator’s tone was cordial. Then came the question that changed everything.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-08-11T13:57:00Z By Oscar Gonzalez
As the Trump administration continues to reduce the number of workers at multiple federal agencies, there has been a record number of whistleblowers coming forward.
2025-04-28T21:38:00Z By Aaron Nicodemus
Whistleblowing in the United States is being buffered by uncertainty from regulators who are backing off policing corruption and consumer protections. Regulators like the Department of Justice and the Securities and Exchange Commission are being thrown into disarray by layoffs and restructuring. Still, whistleblowers will likely continue coming forward.
2024-08-27T14:09:00Z By Adrianne Appel
Two pairs of claimants will receive whistleblower awards totaling more than $98 million and $24 million, respectively, for information they provided to the Securities and Exchange Commission that led to an enforcement action.
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