The Sarbanes-Oxley Act of 2002 holds ______________ personally responsible for disclosing the effectiveness of their financial controls.
A)CFOs
B)CIOs
C)COOs
D)CSOs

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 holds Chief Financial Officers (CFOs) personally responsible for disclosing the effectiveness of their financial controls. The act was passed after several high-profile financial scandals, such as Enron and WorldCom, which involved CFOs manipulating financial data. As a result, the act aimed to ensure greater transparency and accountability in financial reporting.

The Sarbanes-Oxley Act of 2002 Holds ______________ Personally Responsible for Disclosing