Question: In 2 0 1 4 , QSGI Inc, a Florida - based computer equipment company, was found guilty of misstating inventories and misrepresenting its internal

In 2014, QSGI Inc, a Florida-based computer equipment company, was found guilty of misstating inventories and misrepresenting its internal controls over financial reporting. The Sarbanes-Oxley Act of 2002 requires the CEO and CFO to take personal responsibility for internal controls over financial reporting. The CEO and CFO were each fined. Under the US Sentencing Guidelines for Organizations, the fines could be increased for
Responses
the CEOs culpability in misstating the financial statements.
the CEOs culpability in misstating the financial statements.
ethical severity
ethical severity
ethical intensity

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