Tuesday, February 7, 2012

What does SOx Section 906 Address?


Sarbanes Oxley Section 906 addresses criminal penalties for certifying a misleading or fraudulent report

Under Sarbanes Oxley 906 penalties are:

  • Up to $5 Million in fines
  • Up to 20 years in jail

Other sections of Sarbanes Oxley Act  provide additional authority to regulatory bodies and courts relating to fines or imprisonment for matters involving corporate fraud

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