Section 302 of the Sarbanes-Oxley act of 2002 specifies that
A) Penalties for non-compliance with the law
B) Attestations are made in accordance with PCAOB standards
C) Signing officers take personal responsibility for the reported financial statements
D) Privacy requirements for healthcare records

Question

Quizplus · Accepted Answer

Section 302 of the Sarbanes-Oxley act of 2002 specifies that signing officers take personal responsibility for the reported financial statements. It requires the CEO and CFO to certify the accuracy and completeness of financial statements and disclosures, and to ensure that they fairly present, in all material respects, the financial condition of the company. Penalties for non-compliance with the act and attestations being made in accordance with PCAOB standards are covered under other sections of the act, while privacy requirements for healthcare records are not related to the Sarbanes-Oxley act.

Section 302 of the Sarbanes-Oxley Act of 2002 Specifies That