Under the Sarbanes-Oxley Act CEOs are not required to vouch for the firm's financial statements because they don't get 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 accuracy and completeness of the financial statements and disclose any material weaknesses in the company's internal controls. They must also certify that they have reviewed the financial statements and that they are accurate and complete to the best of their knowledge.

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