If a Publicly Traded Corporation Misstated Its Accounting Filings to the SEC,the

question 18

Multiple Choice

If a publicly traded corporation misstated its accounting filings to the SEC,the "clawback" provision in the Sarbanes-Oxley Act gives the corporation the right to recover certain gains and profits earned by:

• A) The CPA or CPA firm that performed the company's audit
• B) The lead audit partner and concurring quality review partner who certified the company's financial statements
• C) The particular employee or employees who directly made the accounting error
• D) The CEO and CFO of the corporation

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Definitions:

Black Mobilization

The organization and activation of black communities towards collective action, often in the context of civil rights or social justice.

Urban Elite

Refers to the group of socially, economically, and politically dominant individuals or families within an urban setting, often influencing the city's direction and development.

Civil Rights Act

Legislation passed in the United States (most notably in 1964) to outlaw discrimination based on race, color, religion, sex, or national origin.

Public Houses

Also known as pubs, these are establishments licensed to sell alcoholic drinks for consumption on the premises, often serving as social gathering spots.