Accountancy Insights

Behind the Numbers: Should we compensate whistleblowers?


Listen Later

Whistleblowing is a vital process but often fraught with far more risk and emotional upheaval than it should be. In Western Europe, 43% of all occupational fraud cases come to light thanks to whistleblowers. And it’s not just fraud: cases from poor health-and-safety practices to bad team management have all been righted thanks to people speaking out.

Although many whistleblowing cases do result in bad practice being stopped and workplaces improved, some whistleblowers have been victimised or forced out of their jobs. In the UK, the new Failure to Prevent Fraud offence will mandate large employers to put clear whistleblowing policies in place, and both the Serious Fraud Office and HMRC are looking at schemes to incentivise whistleblowing.

Andrew Pepper-Parsons, Director of Policy and Communications at whistleblowing charity Protect, and Brendan Weekes, Associate Director at accountancy firm, S&W, join our host Philippa Lamb to discuss the topic, why a significant minority of whistleblowers don’t get the requisite protection and what the forthcoming regulation and potential SFO and HMRC schemes will mean for UK business. 

They also both discuss some best practice case studies from organisations that are doing a good job of encouraging people to speak up when they see something that’s not right. This includes the Wellcome Trust’s excellently named scheme “The Only Way is Ethics”.

Links

  • https://protect-advice.org.uk/checklist-for-whistleblowers/
  • https://whistleblowersblog.org/global-whistleblowers/uks-sfo-director-continues-to-push-for-whistleblower-awards/
  • https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/the-four-elements-of-effective-whistleblowing-culture
  • https://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/why-whistleblowing-is-a-requirement-not-a-choice-for-accountants

Host

Philippa Lamb

Guests

●       Andrew Pepper-Parsons, Director of Policy and Communications, Protect

●       Brendan Weekes, Associate Director, S&W

 Producer

Natalie Chisholm

Episode first published: 25 September 2025

Podcast recorded: 12 September 2025

...more
View all episodesView all episodes
Download on the App Store

Accountancy InsightsBy ICAEW


More shows like Accountancy Insights

View all
Money Box by BBC Radio 4

Money Box

45 Listeners

Investors' Chronicle by Investors' Chronicle

Investors' Chronicle

13 Listeners

Page 94: The Private Eye Podcast by Page 94: The Private Eye Podcast

Page 94: The Private Eye Podcast

341 Listeners

This is Money Podcast by This is Money

This is Money Podcast

42 Listeners

The Business by The Times

The Business

212 Listeners

Giles Coren Has No Idea by The Times

Giles Coren Has No Idea

102 Listeners

Simon Calder's Independent Travel Podcast by The Independent

Simon Calder's Independent Travel Podcast

70 Listeners

The News Agents by Global

The News Agents

1,022 Listeners

The Rest Is Money by Goalhanger

The Rest Is Money

194 Listeners

The Rest Is Entertainment by Goalhanger

The Rest Is Entertainment

927 Listeners

The Sports Agents by Global

The Sports Agents

27 Listeners

When It Hits the Fan by BBC Radio 4

When It Hits the Fan

46 Listeners

Political Currency by Persephonica

Political Currency

113 Listeners

The Tax Track by ICAEW

The Tax Track

0 Listeners

The Crisis Room by Global

The Crisis Room

24 Listeners