The Sarbanes-Oxley Act of 2002 requires the chief executive officer of a publicly-traded corporation to _____.
A)keep confidential the procedures used to construct and report financial statements
B)certify financial reports that are submitted to the Securities and Exchange Commission
C)pursue interests that result in large gains for them and large losses for stockholders
D)oversee the corporation's audit and attest the audit report
E)construct the firm's financial statements

Question

The Sarbanes-Oxley Act of 2002 requires the chief executive officer of a publicly-traded corporation to _____. 
A)keep confidential the procedures used to construct and report financial statements
B)certify financial reports that are submitted to the Securities and Exchange Commission
C)pursue interests that result in large gains for them and large losses for stockholders
D)oversee the corporation's audit and attest the audit report
E)construct the firm's financial statements

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires the CEO to certify financial reports that are submitted to the Securities and Exchange Commission, ensuring that they are accurate and complete. This is intended to increase transparency and accountability for public corporations.

The Sarbanes-Oxley Act of 2002 Requires the Chief Executive Officer