Considering current laws that deal with misstatements of financial results, which of the following statements...
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Accounting
Considering current laws that deal with misstatements of financial results, which of the following statements is correct? Multiple Choice Whistleblowers who secretly submit concerns about questionable accounting practices will be fired. Managers found guilty may keep any bonuses or profits from the misrepresentation if their fines are less than such bonuses or profits. Managers can be sentenced to maximum jail terms of up to years for each violation. Managers found guilty can escape paying fines if they declare bankruptcy.
Considering current laws that deal with misstatements of financial results, which of the following statements is correct?
Multiple Choice
Whistleblowers who secretly submit concerns about questionable accounting practices will be fired.
Managers found guilty may keep any bonuses or profits from the misrepresentation if their fines are less than such bonuses or profits.
Managers can be sentenced to maximum jail terms of up to years for each violation.
Managers found guilty can escape paying fines if they declare bankruptcy.
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