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.

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15-01-2025
Law

College

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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.

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singhaniarahul751 singhaniarahul751 · Answer 1 · 2024-03-15T05:47:09-04:00

The Sarbanes-Oxley Act provides a 2-year statute of limitations from the discovery of fraud and a 5-year limitation from the date of the criminal act, allowing authorities time to prosecute white-collar crimes.

The Sarbanes-Oxley Act, a legislation enacted in response to major accounting scandals, has defined strict rules to combat and punish fraudulent financial activities. Regarding the statute of limitations on the discovery of fraud, Sarbanes-Oxley has extended it to 2 years from the date of discovery and 5 years from the date of the criminal act. This extension allows authorities more time to discover and prosecute white-collar crimes, thereby enhancing investor protection and the integrity of financial markets.

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.

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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.