The Sarbanes-Oxley Act Provides That Whenever There Is a Restatement

question 74

Multiple Choice

The Sarbanes-Oxley Act provides that whenever there is a restatement of the company's financial condition,then the executives

• A) would be morally rather than legally culpable for the bonuses paid as a result of the incorrect financial statements.
• B) have to forfeit their salaries to cover for the amount of the bonuses paid to them on the basis of incorrect financial statements.
• C) would not be legally bound to return any bonuses paid as a result of the incorrect financial statements.
• D) must return the interest on any incentives payments as a result of the incorrect financial statements.
• E) must return any bonuses paid as a result of the incorrect financial statements.

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Definitions:

Publicly Funded Health System

A healthcare system financed by taxes that covers the costs of essential healthcare for all residents.

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Virginia Henderson

A nurse theorist known for defining nursing as assisting individuals to gain independence in relation to their health.

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