Discuss the key features of Section 302 of the Sarbanes-Oxley Act
Section 302 requires corporate management (including the chief executive officer [CEO]) to certify
financial and other information contained in the organization's quarterly and annual reports. The rule also requires them to certify the internal controls over financial reporting. The certifying officers are required to have designed internal controls, or to have caused such controls to be designed, and to provide reasonable assurance as to the reliability of the financial reporting process. Furthermore, they must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.
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Indicate whether the statement is true or false
Which is not a strategy used to elicit information about the other party in a negotiation?
A. Ask lots of questions B. Take up a new negotiation at the end of the first C. Build trust and share information D. Make multiple offers simultaneously
Which of the following best describes horizontal analysis?
A) comparing financial statement amounts from year to year for the same company B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with other companies D) calculating key ratios to evaluate performance
The outcome of the control process is the ability to
A. attract customers by producing goods and services more cheaply than any competitor. B. motivate employees to perform at a high level. C. decide what organizational goals to pursue. D. formulate effective business strategies and plan the allocation of resources. E. measure performance accurately and regulate organizational efficiency and effectiveness.