Sarbanes-Oxley has extended the statute of limitations regarding the discovery of fraud to years from the date of discovery of the fraud and years from the criminal act. Fill in the blanks.

The Sarbanes-Oxley Act extended the statute of limitations to 2 years from the discovery of fraud and 5 years from the commission of the criminal act.

The Sarbanes-Oxley Act, passed in response to major accounting scandals like those at Enron and WorldCom, extended the statute of limitations for the discovery of fraud. Specifically, the Act sets the limitation to 2 years from the date of discovery of the fraud and 5 years from the commission of the criminal act. This change in the statute of limitations was part of a broader effort to increase confidence in financial information provided by public corporations and to protect investors from accounting fraud.

Sarbanes-Oxley has extended the statute of limitations regarding the discovery of fraud to ______ years from the date of discovery of the fraud and ______ years from the criminal act. Fill in the blanks.

Answer :

Other Questions

Sarbanes-Oxley has extended the statute of limitations regarding the discovery of fraud to years from the date of discovery of the fraud and years from the criminal act. Fill in the blanks.