Asked by taylor harrington on Jul 21, 2024
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A CEO and a CFO may be put in jail and pay personal fines if they misstate their company's financial records.
CEO
Stands for Chief Executive Officer, the highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and acting as the primary point of communication between the corporate operations and the board of directors.
CFO
Stands for Chief Financial Officer, a senior executive responsible for managing the financial actions of a company including financial planning, risk management, and financial reporting.
Financial Records
Documents that track the financial activities, transactions, and health of a business or individual.
- Gain an understanding of the statutes including the Sarbanes-Oxley Act that oversee corporate governance and their effects on the regulation of corporate actions.
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Learning Objectives
- Gain an understanding of the statutes including the Sarbanes-Oxley Act that oversee corporate governance and their effects on the regulation of corporate actions.
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