Question

The section of Sarbanes Oxley that provides for fines and imprisonment of up to 20 years to individuals who corruptly alter, destroy, mutilate, or conceal documents with the intent to impair the document's integrity or availability for use in an official proceeding, or to otherwise obstruct, influence or impede any official proceeding is:

a. Title V Analysts Conflicts of Interests
b. Title VIII Corporate and Criminal Fraud Accountability
c. Title IX White-Collar Crime Penalty Enhancements
d. Title XI Corporate Fraud and Accountability

Answer 1

The Title VIII Corporate and Criminal Fraud Accountability section of the Sarbanes-Oxley Act prescribes punishments for individuals who interfere with documents in official proceedings.

Step-by-step explanation:

The Sarbanes-Oxley Act of 2002 was enacted in response to a series of major accounting scandals that tarnished the public's trust in financial information provided by public corporations. This legislation, often known simply as SOX, includes several provisions aimed at increasing corporate accountability and deterring fraudulent activities. The specific section that addresses punishments such as fines and imprisonment for up to 20 years for individuals who corruptly alter, destroy, mutilate, or conceal documents to obstruct official proceedings is the Title VIII Corporate and Criminal Fraud Accountability of the Sarbanes-Oxley Act.