The Sarbanes-Oxley Act places responsibility on CEOs and CFOs of companies to certify the fairness of company's financial statements.The Act also created the Public Company Accounting Oversight Board which oversees the public accounting profession.

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The statement is true. The Sarbanes-Oxley Act does indeed place responsibility on CEOs and CFOs to certify the fairness of company financial statements, and created the Public Company Accounting Oversight Board to oversee the public accounting profession.

The Sarbanes-Oxley Act Places Responsibility on CEOs and CFOs of Companies