Under the Sarbanes-Oxley Act CEOs are not required to vouch for the firm's financial statements because they are not involved with the day to day operations of the firm.

Question

Quizplus · Accepted Answer

This statement is false. Under the Sarbanes-Oxley Act, CEOs are required to vouch for the firm's financial statements and provide a certification of their accuracy. They are held accountable for the accuracy and completeness of financial reporting, regardless of their day-to-day involvement in operations.

Under the Sarbanes-Oxley Act CEOs Are Not Required to Vouch