The Sarbanes-Oxley Act of 2002 holds a firm's internal auditors legally accountable for the accuracy of their firm's financial statements.
Internal auditors have no such accountability (although, of course, they are held to professional standards of conduct). Within the firm, SOX legal accountability applies to the CEO and CFO.

Question

Quizplus · Accepted Answer

The statement is incorrect. The Sarbanes-Oxley Act of 2002 holds the CEO and CFO of a firm legally accountable for the accuracy of their firm's financial statements, not the internal auditors. However, internal auditors are still held to professional standards of conduct.

The Sarbanes-Oxley Act of 2002 Holds a Firm's Internal Auditors