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Sarbanes-Oxley MCQs

Under the Sarbanes-Oxley Act, if a public company makes a “required” accounting restatement due to “misconduct,” what could happen to that company’s CEO and CFO?

Forced to give up pensions and company stock ownership

Forced to forfeit any bonuses or profits gained from selling company stock

Forced to resign from the company

Forced to payback any monetary gains received through accounting misstatements

Answer

Correct Answer: Forced to forfeit any bonuses or profits gained from selling company stock

Explanation:

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