According to the Sarbanes-Oxley Act,if a public company is required to restate its financial statements because of material non-compliance with financial reporting requirements,the CEO and CFO must reimburse the company for any bonuses,incentive pay,or securities trading profits made because of the noncompliance.

Question

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Section 304 of the Sarbanes-Oxley Act requires the CEO and CFO to reimburse the company for any bonuses, incentive pay, or securities trading profits they received during the 12-month period following the first public issuance or filing of the financial documents containing the noncompliance. This provision is intended to incentivize executives to ensure accurate financial reporting and reduce the likelihood of financial fraud.

According to the Sarbanes-Oxley Act,if a Public Company Is Required