Which of the Following Are Management Responsibilities Under the Sarbanes-Oxley

question 69

Multiple Choice

Which of the following are management responsibilities under the Sarbanes-Oxley Act of 2002?

• A)Certify in reports filed with the SEC that the report does not contain untrue statements of material facts.
• B)Disclose material deficiencies in controls to the audit committee.
• C)Design internal controls.
• D)Certify in reports filed with the SEC that the company's internal controls are effective in preventing fraud.

---

Definitions:

Other Revenues

Income generated from activities that are not part of a company's primary operations, such as rental income, interest income, or gains from the sale of fixed assets.

Earnings Per Share

A financial metric calculating the portion of a company's profit allocated to each outstanding share of common stock.

Preferred Stock Dividends

Payments made to preferred shareholders, typically fixed, that take priority over common stock dividends.

Cumulative Preferred Stock

A type of preferred stock where dividends must be paid, including any arrears, before any dividends can be distributed to common shareholders.