Which of the Following Statements Is True of a Public

question 129

Multiple Choice

Which of the following statements is true of a public company's financial statements?

• A)Sarbanes-Oxley requires the CEO only to certify the financial statements.
• B)Sarbanes-Oxley requires the CFO only to certify the financial statements.
• C)Sarbanes-Oxley requires the CEO and CFO to certify the financial statements.
• D)Sarbanes-Oxley requires neither the CEO nor the CFO to certify the financial statements.

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Definitions:

Union Rights

Legal rights granted to unions and their members, including the right to organize, bargain collectively, and engage in strikes or other forms of protest to improve labor conditions.

Corporate Governance

The framework of rules, relationships, and systems within which or by which an organization is controlled and operated.

Shareholders

Individuals or entities that own shares in a corporation, giving them a stake in the company’s performance and potential profits.

United Nations

An international organization created to maintain peace and security, develop friendly relations among nations, and promote social progress, better living standards, and human rights.