In Addition to Requiring That CEOs Personally Certify the Accuracy

question 142

Multiple Choice

In addition to requiring that CEOs personally certify the accuracy of financial statements, the Sarbanes-Oxley Act of 2002 also requires that

• A)CEOs conduct audits of their corporations themselves.
• B)firms raise funds for expansion through the sale of bonds only, not stocks.
• C)auditors disclose any potential conflicts of interest.
• D)corporations issue financial statements monthly rather than quarterly.

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Definitions:

Cost Analyses

Evaluation of the costs associated with a project or program, in relation to its expected benefits, to determine its economic viability.

Program Effective

Pertaining to the success or impact of a program in achieving its intended outcomes.

Biggest Bang

Biggest Bang refers to achieving the maximum benefit, impact, or value from the least amount of resources or effort, often used in the context of decision-making to prioritize actions that yield the greatest returns.

Specialized Training

Instruction or education focusing on a specific area or skill set, often to prepare individuals for particular roles or professions.