Bob martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements o

Question

3 years ago

13

Bob martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements o

f his employer, jones consulting, llc, a private company. which situation is the least likely result of the state board's action?

Business

2 answers:

lesantik [10] · Answer 1 · 2022-05-24T14:04:12+03:00

I believe the least likely result is The Securities and Exchange Commission could fine Bob..
When Bob is working for someone, the owner of the establishment is the one that most likely to receive fine from the Securities and Exchange Comission since it would be very likely that Bob's just following his leader's order.

Flauer [41] · Answer 2 · 2022-05-24T16:20:36+03:00

The Securities and Exchange Commission could fine him for the situation.

The situation that could least likely result of the state board’s action that the Securities and Exchange Commission could fine or take action against Bob as per the situation because, he has done wrong and this must be the least or the light punishment for him.

Further explanation:

Securities and Exchange Commission:

The US Securities and Exchange Commission is an agency which is independent. The SEC protects their investors from any fraud and misleading activity of any company or management.

In this case also, the Bob has made a false statements while preparing the financial statements of the company, so he will be fined for his mistake or fraud. And he is getting a least punishment for his fraud.

Thus,the Securities and Exchange Commission could fine Bob for making misleading and false financial statements of his employer.

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Answer details:

Grade: High School

Subject: Business studies

Chapter: Securities and Exchange Commission

Keywords: Bob martino is sanctioned by his state, board of accountancy for his association, with false and misleading financial statements, of his employer, jones consulting, llc, a private company, which situation is the least likely result of the state board's action, independent agency, US.