answersLogoWhite

0


Best Answer

Yes, both would be criminally liable. If they sign the report saying it is correct, they are held responsible for it, and if it is incorrect they can be sued.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is a chief financial officer or chief executive officer criminally liable for certifying reports that contain misrepresentation in the financial statement of a public company?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is the Chief executive officer and the chief financial officer?

Chief Executive Officer


Will I qualify under other financial officer noc 1114 for Canada's fsw program I work as a financial executive but not in a financial institution?

It is possible fr you to qualify under other financial officer noc 1114 for Canada's fsw program if you worked as a financial executive but not in a financial institution.


How are Purchase cardholders approving official and certifying officials held accountable for their duties?

Monthly counseling and audits by the Financial Manager.


What is misrepresentation?

Misrepresentation is a type of lying or falsehood in which a person says or does something that would lead another person to believe something that is not "in accordance with the facts." It may be intentional or negligent, but forms an essential element of the crime and tort of fraud, if the misrepresentation is made with the intent that the other person would believe it and act accordingly.There are cases where simply failing to answer, or failing to correct some material misunderstanding, could be ruled a misrepresentation. For example, a vendor knowingly sells rotten fruit to a customer without pointing out the mistake made by the customer in selecting the product from the display.


Objectives of an internal control system?

An internal control system aides in ensuring financial statements are free from material misrepresentation and assets are sufficiently protected from misappropriation.


What are the duties and responsibilities of financial executive?

ye site madharchod hai


How do you design the job evaluation techniques for the marketing manager and sales executive and analytical chemist and financial accountant?

job evaluation techniques for the marketing manager and sales executive and analytical chemist and financial accountant?


How would you analyze financial position of Company from point of view of an 1Investor. 2 Creditor and3 Financial executive of the company?

How would you analyse the financial position of a company from the point of view of an: (i) Investor (ii) A creditor, (iii) A share holder


What is CFO and CEO?

CFO = Chief Financial Officer CEO = Chief Executive Officer


What are a CEO and CFO?

CEO = Chief Executive Officer CFO = Chief Financial Officer


Who makes the financial recommendation to the component acquisition executive for each milestone for acat ii programs?

Service or Component Assistant Secretary for Financial Management.


What is executive banking?

Executive banking is an area of financial services which provides service to corporations and businesses. Assistance can included opening and closing checking and savings accounts.