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Accounting: The Sarbanes-Oxley Act

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It sometimes seems like there is always an accounting scandal on the news. There have been plenty of investigations into the different businesses that had the accounting scandals. When the investigations are finished, the findings almost always show that an accounting gimmick was used to manipulate the financial statements.

Research the Sarbanes-Oxley Act and prepare a presentation that pertains to intentional misrepresentation of financial statements, and describe the maximum penalty that the chief executive officer (CEO) and the chief financial officer (CFO) could face.

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