The Sarbanes-Oxley Act of 2002 requires that a company's chief executive officer and chief financial officer must comply with which of the following?
A)Open personal lines of credit.
B)Hire an ethics officer.
C)Set procedures and guidelines for the board of directors.
D)Hire a diversity officer.
E)Personally certify financial reports.

Question

Quizplus · Accepted Answer

Administered by the SEC, SarbOx requires a company's chief executive officer and chief financial officer to personally certify the organization's financial reports, prohibits them from taking personal loans or lines of credit, and makes them reimburse the organization for bonuses and stock options when required by restatement of corporate profits.

The Sarbanes-Oxley Act of 2002 Requires That a Company's Chief