Quoting Washington Post’s Government Inc. blog:
All federal contractors on deals lasting four months or more and worth $5 million or more (including those outside the U.S. and those providing commercial items) must blow the whistle on criminal violations or overcharging.
Such contractors also will have to “establish and maintain specific internal controls to detect and prevent improper conduct,” according to the rules spelled out in the Federal Register.
The possible consequences of not blowing the whistle? Debarment and suspensions.
Read the whole article at http://voices.washingtonpost.com/government-inc/2008/12/contractors_must_disclose_cred.html.
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