Under the statements ,CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial
A)Sherman Antitrust Act
B)Ethical Compliance Act
C)Robinson-Patman Act
D)Sarbanes-Oxley Act.
E)Sherman Antitrust Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 (SOX) was enacted to improve corporate accountability and prevent financial fraud. It introduced strict regulations for financial reporting and requires CEOs and CFOs to certify the accuracy of financial statements. If they knowingly certify misleading financial statements, they can be held criminally liable under the act.

Under the Statements ,CEOs and CFOs May Be Criminally Prosecuted