Asked by Jamison Eddleman on Apr 29, 2024
Verified
Senior executives cannot be criminally prosecuted for the wrongdoings they commit on behalf of the companies where they work.
Senior Executives
High-ranking employees in a business who are responsible for making major corporate decisions, usually part of the company’s top management.
Criminally Prosecuted
The process of being charged with and tried for a criminal offense by legal authorities.
- Recognize the role and importance of ethical conduct in accounting practices.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
Senior executives can be criminally prosecuted for the wrongdoings they commit on behalf of the companies where they work, if they have committed a crime or were involved in criminal behavior. However, it can be difficult to hold them personally accountable in some cases due to the complex structure of corporate responsibility and the need to prove individual criminal intent.
Learning Objectives
- Recognize the role and importance of ethical conduct in accounting practices.
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