Asked by karleigh rivas on Jun 30, 2024
Verified
Harsh penalties exist for violators of the Sarbanes-Oxley Act (SOX) – sentences up to 25 years in prison with severe fines.
Sarbanes-Oxley Act
A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.
Harsh Penalties
Severe consequences or punishments imposed for violations of rules or laws.
- Comprehend the consequences and requirements of the Sarbanes-Oxley Act (SOX).
Verified Answer
JW
Jeremy WatsonJul 05, 2024
Final Answer :
True
Explanation :
The Sarbanes-Oxley Act (SOX) does have harsh penalties for violators, including possible prison sentences of up to 25 years and significant fines.
Learning Objectives
- Comprehend the consequences and requirements of the Sarbanes-Oxley Act (SOX).
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