Audited under the new sarbanes-oxley law

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Cathy is an accountant with a major corporation that is on the list of corpo- rations to be audited under the new Sarbanes-Oxley law. She knows that one of the direc- tors, Aaron, wants to start a hotel business of his own but is having a hard time coming up with the needed funds. She overhears another director suggesting to Aaron that he take out a personal loan from the company and pay it back later. Aaron trusts Cathy’s judgment and asks her opinion. If you were Cathy, what would you tell Aaron?

Reference no: EM132023576

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