under-the-sarbanes-oxley-act-what-are-the-consequences-for-a-ceo-or-cfo-who-cert

Question

Under the Sarbanes-Oxley Act, what are the consequences for a CEO or CFO who certifies false financial statements?

Accepted Answer

They can face criminal penalties, including imprisonment.

Answer

They are given a warning and allowed to correct the statements.

Answer

They must resign from their position immediately.

Answer

They are required to pay a fine but face no further consequences.