The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.

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The failure of a variety of external control mechanisms led the U.S. Congress to pass the Sarbanes-Oxley Act in 2002. This act calls for many stringent measures that would ensure better governance of U.S. corporations. One of these measures is that CEOs and CFOs must fully reveal off-balance-sheet finances and vouch for the accuracy of the information revealed.

The Sarbanes-Oxley Act of 2002 Requires That CEOs and CFOs