The Sarbanes-Oxley Act of 2002 requires that ________.
A) the chief financial officer prevent insider trading
B) the chief financial officer engage in strategic management
C) the chief financial officer guarantee the accuracy of financial reporting
D) the chief financial officer engage in creative accounting

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires that the chief financial officer guarantee the accuracy of financial reporting. This act was put in place to increase corporate governance and prevent financial fraud. The act requires that the CEO and CFO certify that the financial statements are accurate and complete. Failure to do so can result in criminal penalties.

The Sarbanes-Oxley Act of 2002 Requires That ________