Which section of the Sarbanes-Oxley Act specifies "Periodic financial reports must be certified by CEO and CFO"?

Which section of the Sarbanes-Oxley Act specifies "Periodic financial reports must be certified by CEO and CFO"?
A . Section 302
B . Section 404
C . Section 203
D . Section 409

View Answer

Answer: A

Explanation:

Section 302 of the Sarbanes-Oxley Act requires corporate responsibility for financial reports to be certified by CEO, CFO, or designated representative.

Incorrect Answers:

B: Section 404 of the Sarbanes-Oxley Act states that annual assessments of internal controls are the responsibility of management.

C: Section 203 of the Sarbanes-Oxley Act requires audit partners and review partners to rotate off an assignment every five years.

D: Section 409 of the Sarbanes-Oxley Act states that the financial reports must be distributed quickly and currently.