Question

Who must personally certify the financial statements and company disclosures or risk financial penalties and criminal prosecution for fraudulent misstatements?

Answer 1

Corporate executives must personally certify the financial statements and company disclosures or risk financial penalties and criminal prosecution for fraudulent misstatements. This is further explained below.

What are Corporate executives?

Generally, They are the ones that are in charge of developing the company. They are responsible for developing business strategies as well as the overarching vision and objective of the firm, as well as setting goals, making progress on those goals, and ensuring that the business remains operational. They are in charge of everything pertaining to the company, including the finances, marketing, personnel, and so on.

In conclusion, The amount of light that emanates from a light bulb is measured in lumens. When there are more lumens, the light is brighter, and when there are fewer lumens, the light is dimmer. Lumens are used to measure how much light. What a pound is to a bunch of bananas. Milk is measured in gallons.

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