The Sarbanes-Oxley Act of 2002 imposes criminal penalties for corporate governing and accounting lapses.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 does indeed impose criminal penalties for corporate governing and accounting lapses, as part of its efforts to increase corporate accountability and transparency. These penalties include the possibility of imprisonment and fines for individuals who engage in illegal practices related to financial reporting, and also provide for increased regulatory oversight and enforcement mechanisms to prevent future lapses.

The Sarbanes-Oxley Act of 2002 Imposes Criminal Penalties for Corporate