The Sarbanes-Oxley Act of 2002 requires that a company’s chief executive officer and chief financial officer must comply with which of the following?
a. Open personal lines of credit.
b. Hire an ethics officer.
c. Set procedures and guidelines for the board of directors.
d. Hire a diversity officer.
e. Personally certify financial reports.
e. Personally certify financial reports.
Administered by the SEC, SarbOx requires a company’s chief executive officer and chief financial officer to personally certify the organization’s financial reports, prohibits them from taking personal loans or lines of credit, and makes them reimburse the organization for bonuses and stock options when required by restatement of corporate profits.
You might also like to view...
The effective interest method amortizes premium or discount in a manner that produces a(n) ______________________ rate of interest from period to period
Fill in the blank(s) with correct word
Expired costs are called assets
Indicate whether the statement is true or false
To obtain an entry-level position that offers room for advancement is an example of an effective career objective
Indicate whether the statement is true or false
Philosophers have found that the most effective way to develop dependable and universal methods for making ethical judgments is to fashion a priori guidelines
a. True b. False Indicate whether the statement is true or false