The Sarbanes-Oxley Act (SOX) requires top management of companies to sign a report certifying their responsibilities for financial statements.

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This is a true statement. The Sarbanes-Oxley Act of 2002 requires CEOs and CFOs to sign a report certifying their responsibilities for financial statements. This is known as the CEO/CFO Certification. This provision was put in place to hold top management accountable for the accuracy and completeness of financial reporting.

The Sarbanes-Oxley Act (SOX) Requires Top Management of Companies to Sign