The Sarbanes-Oxley Act Places Responsibility on CEOs and CFOs of Companies

question 65

True/False

The Sarbanes-Oxley Act places responsibility on CEOs and CFOs of companies to certify the fairness of a company's financial statements.The Act also created the Public Company Accounting Oversight Board,which oversees the public accounting profession.

---

Definitions:

Affective

Pertaining to emotions or feelings and their expressions.

Dispositional

Referring to inherent qualities of mind and character of an individual.

Waypower

A concept in the study of motivation that combines having the will (motivation) to achieve a goal with knowing the way (having a plan) to achieve it.

Mental Willpower

The inner strength and determination that allows an individual to overcome obstacles and achieve goals through focus and discipline.