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Joan is the CFO of Para Corp. and is a year from retirement. In order to guarantee herself a very substantial bonus and to boost her retirement package, she knowingly certifies false financial
reports making the company appear to be much more profitable than it really is. She further takes steps to assure that the financial report was not reviewed through internal controls maintained by Para Corp. Under the provisions of the Sarbanes-Oxley Act (2002), if her fraud is NOT part of a larger scheme, what criminal penalties are possible for Joan? A. $1 million in fines and up to 10 years in prison B. $2 million in fines and up to 12 years in prison C. $5 million in fines and up to 15 years in prison D. $10 million in fines and up to 20 years in prison
C. $5 million in fines and up to 15 years in prison
Expert answered|chikaygoods|Points 110|
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Asked 7/30/2012 7:59:15 PM
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The Sarbanes-Oxley Act (2002) imposed stricter regulations on how corporations do business through regulations in each of the following areas EXCEPT A. tax compliance B. financial reporting C. corporate governance D. auditing
Weegy: C. corporate governance User: Joan is the CFO of Para Corp. and is a year from retirement. In order to guarantee herself a very substantial bonus and to boost her retirement package, she knowingly certifies false financial reports making the company appear to be much more profitable than it really is. She further takes steps to assure that the financial report was not reviewed through internal controls maintained by Para Corp. Under the provisions of the Sarbanes-Oxley Act (2002), if her fraud is NOT part of a larger scheme, what criminal penalties are possible for Joan? A. $1 million in fines and up to 10 years in prison B. $2 million in fines and up to 12 years in prison C. $5 million in fines and up to 15 years in prison D. $10 million in fines and up to 20 years in prison Weegy: B. $2 million in fines and up to 12 years in prison User: Joan is the CFO of Para Corp. and is a year from retirement. In order to guarantee herself a very substantial bonus and to boost her retirement package, she knowingly certifies false financial reports making the company appear to be much more profitable than it really is. She further takes steps to assure that the financial report was not reviewed through internal controls maintained by Para Corp. Under the provisions of the Sarbanes-Oxley Act (2002), if her fraud is NOT part of a larger scheme, what criminal penalties are possible for Joan? A. $1 million in fines and up to 10 years in prison B. $2 million in fines and up to 12 years in prison C. $5 million in fines and up to 15 years in prison D. $10 million in fines and up to 20 years in prison Weegy: B. $2 million in fines and up to 12 years in prison User: Ben is the manager of a branch of a large bank. He has regularly taken money from customer's accounts for his own use and changed the bank records to cover his actions. Ben is guilty of A. a conspiracy B. a Ponzi scheme C. racketeering D. embezzlement Weegy: A. a conspiracy User: Stan ... (More)
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Asked 7/30/2012 8:03:59 PM
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