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the Sarbanes-Oxley Act of 2002 holds a public company's who isresponsible for the company's financial statement?
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the Sarbanes-Oxley Act of 2002 holds a public company's who isresponsible for the company's financial statement?

User DRH
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Answer:

The Sarbanes Oxley Act requires that the corporation's Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) both have to publicly certify the corporation's financial statements. A false certification can result in up to 20 years of jail time.

It also required that the corporation establishes internal auditing controls, and the external auditors must also provide their professional opinion about them.

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User Davewy
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