Question

The section of Sarbanes Oxley that makes it a felony to knowingly destroy, alter, or create records and or documents with the intent to impede, obstruct, or influence an ongoing or contemplated federal investigation and offers legal protection to whistle blowers 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

Title VIII of the Sarbanes-Oxley Act is the section that addresses the felony of destroying, altering, or creating records to influence federal investigations and provides protections for whistleblowers.

Step-by-step explanation:

The section of Sarbanes-Oxley Act that makes it a felony to knowingly destroy, alter, or create records and documents with the intent to impede, obstruct, or influence an ongoing or contemplated federal investigation and also offers legal protection to whistleblowers is Title VIII, known as Corporate and Criminal Fraud Accountability. This title is key in protecting investors and maintaining the integrity of financial information provided by public corporations following a series of major accounting scandals like those involving Enron, Tyco International, and WorldCom. Moreover, it established serious penalties for altering or destroying financial records and protections for those who expose fraudulent practices.