Question
Under the Sarbanes-Oxley Act, if an accountants false (or misleading) certified audit statement is used in a securities filing, theaccountant may be held criminally liable.
Under the Sarbanes-Oxley Act, if an accountants false (or misleading) certified audit statement is used in a securities filing, theaccountant may be held criminally liable. The accountant may be fined _____, imprisoned for up to twenty years, or both.
| a. | 5 million dollars | |
| b. | 10 million dollars | |
| c. | 50 million dollars. | |
| d. | 20 million dollars |
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Financial And Managerial Accounting Information For Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
7th Edition
1259726703, 9781259726705
