Identify a True Statement About the Federal Sentencing Guidelines for Organizations

question 12

Multiple Choice

Identify a true statement about the Federal Sentencing Guidelines for Organizations.

• A)They were updated in 2004 to include references to both compliance programs and "ethics and compliance" programs.
• B)They are used to provide arbitrary punishments.
• C)They were updated in 2004 and excluded the requirement that organizations periodically measure the effectiveness of their programs.
• D)They assign most federal crimes to one of 57 "offense levels."

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Definitions:

Professional Services

Work provided by individuals with specialized knowledge or skills, typically requiring certification or licensing, such as legal, accounting, or consulting services.

Questionable Loans

Loans that raise concerns regarding their repayment due to issues like the borrower's financial instability or lack of sufficient collateral.

Financial Stability

The condition where a financial system operates effectively without experiencing significant disruptions, enabling economic entities to perform their transactions confidently.

Accounting Firm

A business that provides services like auditing, accounting, tax advice, and financial consulting to clients.