The Sarbanes-Oxley Act Provides That Whenever There Is a Restatement

The Sarbanes-Oxley Act provides that whenever there is a restatement of the company's financial condition,then the executives

A) would be morally rather than legally culpable for the bonuses paid as a result of the incorrect financial statements.
B) have to forfeit their salaries to cover for the amount of the bonuses paid to them on the basis of incorrect financial statements.
C) would not be legally bound to return any bonuses paid as a result of the incorrect financial statements.
D) must return the interest on any incentives payments as a result of the incorrect financial statements.
E) must return any bonuses paid as a result of the incorrect financial statements.

Correct Answer:

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