Haley Braxton is the CEO of Meta Financial, Inc. During a federal investigation concerning the company's financial procedures, it was found that Braxton had certified that the financial documents were correct and accurate. In the wake of the investigation, Braxton now claims that she does not know anything about the financials and signed them based on the accounting department's assurance that they were correct. What is the likely outcome?

Question

Justine Gill

Social Studies

Today, 09:14

Haley Braxton is the CEO of Meta Financial, Inc. During a federal investigation concerning the company's financial procedures, it was found that Braxton had certified that the financial documents were correct and accurate. In the wake of the investigation, Braxton now claims that she does not know anything about the financials and signed them based on the accounting department's assurance that they were correct. What is the likely outcome?

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Answers (1)

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Maximo Davis · Answer 1

a. Haley will have to face criminal penalties because she certified the statements.

Explanation:

The documents have the sign of the CEO that is Haley Braxton's signature on it. They were certified by her to be correct and accurate. She will face criminal penalties even if she certified the documents in her consciousness or not. The court demands proof which it has in the form of the CEO signature.