Arizona Revised Statutes § 32-746 Fraudulent Audit Practices; Classification

32-746. Fraudulent audit practices; classification

A. A person commits fraudulent audit practices if such person knowingly prepares, issues or offers or files with any public agency an audit report or certificate on any financial statement which is materially false or misleading or fraudulent, or which purports to fairly present the financial position, results of operations or changes in financial position of the person or entity reported on but fails to do so.

B. Fraudulent audit practices is a class 5 felony. Fraudulent audit practices in connection with any securities offering or involving the filing of financial statements in connection with securities is a class 4 felony.

Section: Previous  32-741.03  32-741.04  32-742  32-742.01  32-743  32-744  32-745  32-746  32-747  32-747.01  32-749  32-750  32-751  32-801  32-802  Next

Last modified: October 13, 2016