In: Finance
what are the elements of the whistleblowing process? What does it mean when they say refer to moral agency?
Whistle blowing is a policy in which insider will report fraudulent activities of an organisation to the regulatory authority or to the general public in order to protect the interest of various stakeholders of the organisation.
Elements of whistleblowing process are as follows-
A. Why- this is the basic question related to whistleblowing process and this tells about the reason why the whistleblowing process has been carried out by the specified whistleblower.
B. What-it provides with the basic details of what are the basic reasons of whistleblowing and specifically what have been hidden by the company from the public in order to fraud the stakeholders of the organisation and hide sensitive information from them
C. Where-this element of whistleblowing is related to specific books of accounts where the whistleblowing need to be reported and other locations of various frauds and where the fraud has been carried out.
moral agency related to whistle blowing focuses on whether the whistle blowing is an ethical process and it determines that whistleblowing is more of an ethical process in order to protect the interest of various stakeholders of the organisation and protect them from the mis reporting of financial statements of the organisation and other futuristic erosion of their capital.