The Sarbanes-Oxley Act of 2002 Requires That CEOs and CFOs

question 109

True/False

The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.

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Definitions:

Enterprising Nonprofits

Nonprofit organizations that engage in commercial activities as a strategy for generating revenue to support their mission and activities.

Microlending

The practice of offering small loans to individuals, often in developing countries or underserved communities, to foster entrepreneurship.

Kiva

A platform that allows people to lend money via the internet to low-income entrepreneurs and students in over 80 countries.

Developing Countries

Nations with a lower level of material well-being, industrialization, and often a lower standard of living, focusing on economic growth and development.