The Sarbanes-Oxley Act of 2002 Requires That the Key Company

question 22

Multiple Choice

The Sarbanes-Oxley Act of 2002 requires that the key company officials certify the financial statements. Certification means that the company CEO and CFO must sign a statement indicating:

• A)they have read the financial statements.
• B)they are not aware of any false or misleading statements (or any key omitted disclosures).
• C)they believe that the financial statements present an accurate picture of the company's financial condition.
• D)All of the these choices are correct.

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Definitions:

Work Habits

The practices and attitudes an individual adopts that influence how effectively they perform and engage in their work tasks.

Negative Punishment

A method in behavior modification that involves the removal of a desirable stimulus following unwanted behavior to decrease the likelihood of that behavior occurring again.

Positive Punishment

A concept in behavioral psychology where the addition of an unpleasant stimulus follows a behavior, aiming to decrease the likelihood of that behavior’s occurrence.

Negative Reinforcement

The removal of an aversive stimulus following a behavior, increasing the likelihood of that behavior being repeated.