Section 162
SEC. 162. Willful Certification of Incomplete, Inaccurate, False}-or Misleading Statements or Reports; Penalties. - Any person who willfully certifies a report required under this Code, knowing that the same contains incomplete, inaccurate, false, or misleading information or statements, shall be punished with a fine ranging from Twenty thousand pesos (P20.000.00) to Two hundred thousand pesos (P200.000.00). When the wrongful certification is injurious or detrimental to the public, the auditor or the responsible person may also be punished with a fine ranging from Forty thousand pesos (P40,000.00) to Four hundred thousand pesos (P400.000.00).