Which of the following is not true about how the Sarbanes-Oxley Act counteracts incentives for committing fraud?
A)It provides for stiffer monetary penalties.
B)It increases the maximum jail sentence for fraudulent reporting.
C)It removes legal protection from whistleblowers.
D)It provides that violators must repay any money obtained via fraud and pay fines.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act actually provides legal protection for whistleblowers, who are employees of a company who report suspected illegal or unethical behavior. This protection is meant to encourage employees to speak up about potential fraud or wrongdoing without fear of retaliation from their employers.

Which of the Following Is Not True About How the Sarbanes-Oxley