The Sarbanes-Oxley Act places responsibility on CEOs and CFOs of companies to certify the fairness of a 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 of 2002 places responsibility on CEOs and CFOs of public companies to certify the fairness and accuracy of the company's financial statements. It also created the Public Company Accounting Oversight Board (PCAOB), which oversees the audit of public companies and the public accounting profession.

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