Which of the Following Would Mitigate an Officer's or Corporation's

question 50

Multiple Choice

Which of the following would mitigate an officer's or corporation's sentence under the corporate sentencing guidelines?

• A)Officer had no direct knowledge; he/she was only the supervising manager
• B)The company had an ethics training program
• C)Subordinates failed to follow orders
• D)Subordinates were demoted for questioning decisions

---

Definitions:

Accounting Oversight Board

An organization responsible for supervising and regulating accounting practices to ensure accuracy and fairness in financial reporting.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Accounting Scandals

Incidents that involve deliberate manipulation of financial statements and records for the purpose of misleading investors and stakeholders.

Values

Deeply held beliefs and ideals that guide an individual's or society's actions and judgments.