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

question 8

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 these.

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Definitions:

Material Gain

Acquiring physical objects or wealth as a result of completing a task or achieving a goal.

Wealth

the abundance of valuable resources or material possessions, or the control over such assets.

Risk And Change

Pertains to the inherent dangers and modifications that can occur in any business or personal scenario, impacting outcomes and strategies.

Values

Core beliefs or standards that guide behavior and decision-making processes in individuals or organizations.