Subordinate has committed fraud or worse

Reference no: EM13317187

Recent legislation requires CEOs of public corporations to sign an affidavit stating that all accounting put forth by the company is accurate and not misleading. Obviously, the CEOs do not personally perform this accounting; instead, they rely on the accuracy of employees assigned to perform such tasks. Considering this, is it fair or equitable to find the CEOs liable if a subordinate has committed fraud or worse?

Reference no: EM13317187

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