ACC 571 Week 5 Discussion
Questions – Strayer NEW
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Week 5 DQ
"The
Sarbanes-Oxley Act of 2002 and the Criminal Justice System" Please respond
to the following:
• The Sarbanes-Oxley Act requires the
chief executive officer and the chief financial Officer of public companies to
personally certify annual and quarterly SEC filings. These certifications
require the CEOs and CFOs to take responsibility for their companies’ financial
statements. From the e-Activity, assess the importance of the criminal
certifications and the civil certifications, and determine whether or not such
certifications will be effective in reducing and detecting fraud in
corporations.
• Fraud may be prosecuted criminally or
civilly. Anytime the legal issue at hand involves money or fraudulent activity,
forensic accountants and fraud examiners can play an important role in the
investigation. Compare and contrast the remedies available in the civil and
criminal justice system, indicating which system is most effective.
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