Question

Both the CEO and the CFO are required to certify the accuracy of information contained in financial statements, reports, press releases, and any other form of public announcement made by a company. This requirement was instituted in 2002 as a part of the ________.

Answer 1

Answer:

This requirement was instituted in 2002 as a part of the

Sarbanes-Oxley

Explanation:

Sarbanes-Oxley Act, section 302, “Corporate Responsibility for Financial Reports,” states that the CEO and CFO of each issuer shall prepare a statement to accompany the audit report to certify that “based on such officer's knowledge, the financial statements, and other financial information