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If acting in good faith, a public official, or a certified public accountant or firm, makes a report, as required by § 8-4-503, the person or firm shall not be liable in any civil or criminal action that is based solely upon:
The person's or firm's decision to report what the person or firm believed to be unlawful conduct;
The person's or firm's belief that reporting the unlawful conduct was required by law or by contract; or
The fact that a report of unlawful conduct was made.
No immunity conferred pursuant to subsection (a) shall attach if the person or firm reporting the unlawful conduct:
Participated in or benefited from the unlawful conduct; or
Knowingly provides false information pursuant to this part.