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When a Board of Directors oversees an internal investigation for alleged financial statement fraud, which one of the following is false: The Board does not
When a Board of Directors oversees an internal investigation for alleged financial statement fraud, which one of the following is false: The Board does not have to hire outside counsel to conduct the investigation. The Board cannot allow the company to pay the attorney fees of an executive under a criminal investigation. The Board should evaluate whether the external auditing firm has a conflict of interest for continuing as their auditor. The Board generally does not have to report findings of wrongdoing to criminal or regulatory authorities if the Board determines the financial statements are not materially misleading. Corporate counsel should read Upjohn warnings to company employees at the start of an interview
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