Asked by Kristopher Curry on Jul 19, 2024
Verified
The Sarbanes-Oxley Act requires either the chief executive officer or the chief financial officer of a company issuing securities to certify information in the issuer's annual and quarterly reports.
Sarbanes-Oxley Act
A U.S. federal law aimed at protecting investors from fraudulent accounting activities by corporations, enacted in 2002 in response to major corporate and accounting scandals.
Chief Financial Officer
A high-ranking executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.
Annual Reports
Comprehensive reports issued yearly by companies to provide shareholders and other interested parties with detailed information on financial performance and operations.
- Understand the implications of the Sarbanes-Oxley, Dodd-Frank, and other significant amendments on securities law.
Verified Answer
MD
Mozhdeh DorrajiJul 25, 2024
Final Answer :
False
Explanation :
The Sarbanes-Oxley Act requires both the chief executive officer (CEO) and the chief financial officer (CFO) of a company issuing securities to certify the information in the issuer's annual and quarterly reports.
Learning Objectives
- Understand the implications of the Sarbanes-Oxley, Dodd-Frank, and other significant amendments on securities law.