Corporate Governance - Governance, Risk, and Compliance Topic for Oracle Applications - page 43

Combining the sections of the ammended legislation with the sections from Sarbanes
makes this very hard to read.
"Whoever knowingly alters, destroys, mutilates, conceals, covers up, falsifies, or
makes a false entry in any record, document, or tangible object with the intent to
impede, obstruct, or influence the investigation or proper administration of any
matter within the jurisdiction of any department or agency of the United States or
any case filed under title 11, or in relation to or contemplation of any such matter
or case, shall be fined under this title, imprisoned not more than 20 years, or both.
(a)(1) Any accountant who conducts an audit of an issuer of securities to which
section 10A(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78j-1(a)) applies,
shall maintain all audit or review workpapers for a period of 5 years from the end
of the fiscal period in which the audit or review was concluded.
(2) The Securities and Exchange Commission shall promulgate, within 180 days,
after adequate notice and an opportunity for comment, such rules and regulations,
as are reasonably necessary, relating to the retention of relevant records such as
workpapers, documents that form the basis of an audit or review, memoranda,
correspondence, communications, other documents, and records (including
electronic records) which are created, sent, or received in connection with an audit
or review and contain conclusions, opinions, analyses, or financial data relating to
such an audit or review, which is conducted by any accountant who conducts an
audit of an issuer of securities to which section 10A(a) of the Securities Exchange
Act of 1934 (15 U.S.C. 78j-1(a)) applies.
(b) Whoever knowingly and willfully violates subsection (a)(1), or any rule or
regulation promulgated by the Securities and Exchange Commission under
subsection (a)(2), shall be fined under this title, imprisoned not more than 10
years, or both.
(c) Whoever corruptly--
(1) alters, destroys, mutilates, or conceals a record, document, or other object, or
attempts to do so, with the intent to impair the object's integrity or availability for
use in an official proceeding; or
(2) otherwise obstructs, influences, or impedes any official proceeding, or attempts to
do so, shall be fined under this title or imprisoned not more than 20 years, or both.