The Sarbanes-Oxley Act of 2002

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires that CEOs personally certify the accuracy of financial statements, making sure they are accountable for the financial state of their company.

Note: None of the other options fit the description of the Sarbanes-Oxley Act. A) is referring to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, B) is not a requirement of the Act and is also incorrect, and D) is also incorrect, as the Financial Stability Oversight Council was created as a result of the Dodd-Frank Act, not the Sarbanes-Oxley Act.