Questions: A legal provision known as the provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. The monetary award may total as high as 30 percent of the amount collected for violations that exceed 1 million.

A legal provision known as the provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. The monetary award may total as high as 30 percent of the amount collected for violations that exceed 1 million.

Transcript text: A legal provision known as the provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. The monetary award may total as high as 30 percent of the amount collected for violations that exceed $1 million.

Solution

Solution Steps

Step 1: Analyze the question

The question asks for the legal provision that provides a "bounty" for whistleblowers whose actions result in a legal conviction, where the monetary award may total as high as 30 percent of the amount collected for violations exceeding $1 million.

Step 2: Evaluate the options

Sarbanes-Oxley Ruling: This act introduced several provisions related to corporate governance and financial reporting, including whistleblower protection. It allows for monetary awards to whistleblowers.
Sherman Act: This act focuses on antitrust laws and preventing monopolies, not whistleblower provisions.
Internal Audit: This is a function within an organization, not a legal provision related to whistleblowers.

Step 3: Identify the correct answer

The Sarbanes-Oxley Act of 2002 includes a provision that offers a "bounty," or financial reward, to whistleblowers whose information leads to a successful conviction. This bounty can be up to 30% of the sanctions collected.