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rilm corporation has been recording investment income as revenue -

rilm corporation has been recording investment income as revenue

Quetion : Rilm Corporation has been recording investment income as revenue for the past year with the aim of making the financial condition of the company appear better than it actually is. Jon, one of the company’s employees, becomes aware of this fraudulent activity and immediately reports it to the appropriate authorities. After conducting several investigations, the authorities book the company under the Sarbanes-Oxley Act. Which of the following statements best explains why Jon did not hesitate to alert the authorities about the company’s fraudulent activity?

Under the Sarbanes-Oxley Act, whistleblowers who suffer retaliation are allowed to recover criminal damages but not civil damages.

There are no limitations to the protections offered by the Sarbanes-Oxley Act to whistleblowers.

The Sarbanes-Oxley Act requires accounting firms to separate their auditing and consulting functions.

The Sarbanes-Oxley Act provides for the reinstatement of whistleblowers in cases of improper termination.

 

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