The 2002 Sarbanes-Oxley Act introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.

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This statement is true. The Sarbanes-Oxley Act of 2002 was enacted after several high-profile corporate scandals (such as Enron) and was aimed at increasing transparency and accountability in corporate financial reporting. It established regulations for public companies and accounting firms to follow, and CEOs and boards of directors were required to take more responsibility for financial statements and disclosures.

The 2002 Sarbanes-Oxley Act Introduced Greater Accountability for Chief Executive