In their new joint report, Understanding Whistleblower Protection: Laws, Practices, Trends and Key Implementation Considerations, the International Federation of Accountants (IFAC) and Chartered Professional Accountants of Canada (CPA Canada) offer evidence-based research and practical perspectives on whistleblower protection legislation.
The report, developed with contributions from the Whistleblowing International Network, provides professional accountancy organizations (PAOs), professional accountants, relevant authorities, and policymakers globally with insights on current issues in adopting and implementing whistleblower protection legislation, and key policy considerations to help ensure that local frameworks are fit for purpose. The report builds off the International Bar Association and Government Accountability Project report published in 2021, Are Whistleblowing Laws Working? A Global Study of Whistleblower Protection Litigation, which highlights challenges to developing and implementing effective whistleblower protection frameworks.
Kevin Dancey, IFAC CEO, said: “Whistleblowers are widely recognized for the pivotal role they play in exposing financial wrongdoing, economic crimes, fraud, and corruption. Robust protection laws are needed to safeguard and support their contributions and promote trust and integrity in the public and private sector. The accountancy profession, with its strong public interest commitment, must champion means of protecting whistleblowers from retaliation and help ensure accountability for wrongdoers to foster ethical and responsible business.”
Pamela Steer, CPA Canada President and CEO, said: “While the significant expansion of legislative activity in this space is encouraging, it’s also evident that whistleblowing laws have generally fallen short in terms of their effectiveness. For whistleblower protection laws to positively contribute to the prevention and detection of corruption worldwide, people need reassurance that laws and practices exist and are working effectively—and this requires continuous transparency, action and education.”
IFAC and CPA Canada are hosting an online launch event on December 12, 2023, from 9:00 -10:30 am EDT to connect with experts about the ever-evolving realm of whistleblower protection legislation. The webinar will provide a platform for experts, policymakers and accountancy and legal professionals to discuss the role of whistleblowers and how they can help address some of the most serious issues facing society. Register today to stay current on this changing landscape.
About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in more than 135 jurisdictions, representing millions of professional accountants in public practice, education, government service, industry, and commerce.
About CPA Canada
Chartered Professional Accountants of Canada (CPA Canada) is one of the largest national accounting organizations in the world, representing the Canadian accounting profession at the national and international levels. With over 220,000 members, CPA Canada supports the profession and acts in the public interest by promoting transparency in financial markets, preparing members for a rapidly evolving business environment and contributing to standard setting and public policy. Domestically, CPA Canada works with the provincial and territorial CPA accounting bodies who have the statutory authority to regulate the profession. Globally, it works together with international bodies to build a stronger accounting profession worldwide. cpacanada.ca