Question

Which of the following is not a requirement of Section 404 of the Sarbanes-Oxley Act?

1. The company must submit to an audit to prove that it has controls in place to ensure accurate information.

2. A business continuity plan is in place to ensure the ongoing operation of critical business functions that depend on IT assets.

3. All reports filed with the Securities and Exchange Commission include a statement signed by the CEO attesting that the information contained in the reports is accurate.

4. All reports filed with the Securities and Exchange Commission include a statement signed by the CFO attesting that the information contained in the reports is accurate.

Answer 1

The CFO signing a statement is not a requirement of Section 404 of the Sarbanes-Oxley Act.

Step-by-step explanation:

Section 404 of the Sarbanes-Oxley Act requires companies to submit to an audit to prove that they have controls in place to ensure accurate information. It also requires a business continuity plan to ensure the ongoing operation of critical business functions that depend on IT assets. Additionally, all reports filed with the Securities and Exchange Commission must include a statement signed by the CEO attesting that the information contained in the reports is accurate.

Therefore, the option that is not a requirement of Section 404 is: 4. All reports filed with the Securities and Exchange Commission include a statement signed by the CFO attesting that the information contained in the reports is accurate.