A CEO or CFO associated with fraudulent financial reporting could be fined but not imprisoned under the Sarbanes Oxley Act.

Question

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Both CEO and CFO associated with fraudulent financial reporting can be fined and imprisoned under the Sarbanes Oxley Act. The Act imposes criminal penalties, including imprisonment for up to 20 years, on corporate officers who knowingly or willfully certify false financial statements or who engage in securities fraud.

A CEO or CFO Associated with Fraudulent Financial Reporting Could