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Economics 330 Money and Banking Lecture 8 and 9 - page 19 / 23

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19 / 23

Conflicts of Interest: Remedies (cont’d)

Sarbanes-Oxley Act of 2002 (cont’d)

Beefs up criminal charges for white-collar crime and obstruction of official investigations

Requires the CEO and CFO to certify that financial statements and disclosures are accurate

Requires members of the audit committee to be independent

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