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SOX requires the Chief Executive Officer (CEO) and which corporate officer to certify the accuracy of the financial statements?

Sagot :

anthougo

Answer:

SOX requires the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) to certify the accuracy of the financial statements.

Explanation:

This requirement ensures the public accountability of the top chief executive officers of publicly-traded companies.  The CEO is at the helm of affairs of the company, while the CFO has responsibility for the financial records, which produced the financial statements.  This is the reason that the two top managers are required to sign off the financial statements, thus, vouching their accuracy.

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