The federal act which requires corporate executives like the CEO and CFO to sign off on reported financial information is the
A) Fair Labour Standards Act.
B) Credit Control and Reporting Act.
C) Sarbanes-Oxley Act.
D) Landrum-Griffin Act.
E) Coltrane-Landy Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, passed in 2002, requires corporate executives such as the CEO and CFO to attest to the accuracy and completeness of financial information reported by their organization. This act was enacted in response to accounting scandals such as Enron and WorldCom, which highlighted the need for increased corporate accountability and transparency. The other answer choices are not related to financial reporting and corporate executives.

The Federal Act Which Requires Corporate Executives Like the CEO