Considering Current Laws That Deal with Misstatements of Financial Results,which

question 69

Multiple Choice

Considering current laws that deal with misstatements of financial results,which of the following statements is correct?

• A)Managers found guilty can escape paying fines if they declare bankruptcy.
• B)Managers can be sentenced to maximum jail terms of up to 20 years for each violation.
• C)Managers found guilty may keep any bonuses or profits from the misrepresentation if their fines are less than such bonuses or profits.
• D)Whistleblowers who secretly submit concerns about questionable accounting practices will be fired.

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