Prisha worked in accounting for a large, publicly traded manufacturing company. Last year, she disclosed to the Securities and Exchange Commission (SEC) that the company had issued fraudulent financial statements in order to secure a loan. Prisha is fired from her job and sues the firm. Which of the following is true under the Sarbanes–Oxley Act? a) Prisha must be rehired into her old position. b) Prisha must be rehired and given back pay and attorney’s fees. c) Prisha is entitled to attorney’s fees but nothing else. d) Prisha is entitled to share in any settlement monies the firm paid to the SEC.
Prisha worked in accounting for a large, publicly traded manufacturing company. Last year, she disclosed to the Securities and Exchange Commission (SEC) that the company had issued fraudulent financial statements in order to secure a loan. Prisha is fired from her job and sues the firm. Which of the following is true under the Sarbanes–Oxley Act? a) Prisha must be rehired into her old position. b) Prisha must be rehired and given back pay and attorney’s fees. c) Prisha is entitled to attorney’s fees but nothing else. d) Prisha is entitled to share in any settlement monies the firm paid to the SEC.
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 4TP: Assume you are employed as the chief financial officer of a corporation and are responsible for...
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Prisha worked in accounting for a large, publicly traded manufacturing company. Last year, she disclosed to the Securities and Exchange Commission (SEC) that the company had issued fraudulent financial statements in order to secure a loan. Prisha is fired from her job and sues the firm. Which of the following is true under the Sarbanes–Oxley Act?
a) Prisha must be rehired into her old position.
b) Prisha must be rehired and given back pay and attorney’s fees.
c) Prisha is entitled to attorney’s fees but nothing else.
d) Prisha is entitled to share in any settlement monies the firm paid to the SEC.
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