week 6 discusion thread 4

1) How does Section 806 of the Sarbanes-Oxley Act promote whistleblowing?  Do you think it is ethically proper for a piece of legislation to encourage whistleblowing on the part of corporate employees?  Why or why not?  How do legal considerations relate to a CPA’s ethical responsibilities for whistleblowing under the AICPA Code?

2) Explain the “safe harbor” provision in the PSLRA and how it establishes the auditor’s legal liability with respect to forward-looking information?