Moreno is the CEO and Dalton is the CFO of the Sells Corporation,a public corporation which has been in business for eight years.Moreno and Dalton failed to personally certify the company's financial statements.Under the Sarbanes-Oxley Act:
A) Moreno and Dalton are subject to criminal penalties.
B) Moreno, but not Dalton, is subject to criminal penalties.
C) Dalton, but not Moreno, is subject to criminal penalties.
D) there are no consequences, since the Act does not apply to Sells Corporation.
E) Moreno and Dalton may be requested to certify the statements, but there are no civil or criminal penalties for their failure to do so.
Correct Answer:
Verified
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