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:

Hawthorne Works

A series of studies conducted at the Hawthorne Works in Chicago that looked into how different conditions affect the productivity of workers.

Western Electric Company

An American electrical engineering and manufacturing company that was the primary supplier for AT&T and its Bell System.

Lucent Technologies

A former telecom giant known for its innovations in telecommunications and networking equipment, eventually merged with Alcatel.

Hawthorne Effect

A phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.