Sarbanes Oxley Act

Analyze the following scenarios and determine which Title of the Sar Banes Oxley Act is applicable and explain the correct application of the law.

1. Whether or not a Chief Financial Officer or Chief Executive Officer is criminally liable for certifying reports that contain misrepresentation in the financial statement of a public corporation.

2. Whether or not a CFO or CEO is liable for using their respective position to influence an "audit report" of a public corporation.

3. Whether or not an outside auditing firm must report directly to the "internal auditing committee" of a public corporation.

4. Whether or not a manager or executive is criminally liable for "whistleblower retaliation".

5. Whether or not there is criminal liability for destruction of document with the intent to impede criminal investigation.

6. Whether or not a public corporation can make loans to managers and executives.

7. Whether or not a person who conspires with another to engage in fraudulent activities will receive the same punishment as those who actually engage in the fraudulent activity.

Discuss each as the scenario applies to the Sarbanes Oxley Act.