Attorneys must report material violations of federal securities laws to the company's audit committee.

Question

Quizplus · Accepted Answer

This is required under the Sarbanes-Oxley Act Section 307. Attorneys are required to report evidence of a material violation of securities laws or breach of fiduciary duty to the company's chief legal officer, who in turn is required to inform the audit committee or another independent group within the company's management.

Attorneys Must Report Material Violations of Federal Securities Laws to the Company's