The Sarbanes-Oxley Act requires the ____ to vouch for the truthfulness and fairness of a firm's financial disclosures. a. CEO b. CEO, CFO, and COO c. CFO d. COO e. CEO and CFO

Question

11-02-2020
Business

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The Sarbanes-Oxley Act requires the ____ to vouch for the truthfulness and fairness of a firm's financial disclosures. a. CEO b. CEO, CFO, and COO c. CFO d. COO e. CEO and CFO

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abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2020-02-11T06:09:43+01:00

Answer:

The Serbanes-Oxley Act requires the Chief Executive Officer and the Chief's Financial Officer to vouch for the truthfulness and fairness of a firm's financial disclosures.

Explanation:

The CFO being in charge of the firm's financial affairs is saddled with such responsibility while the CEO being the one man at helms of affairs of the company is also responsible for the firm's financial probity,coupled with the fact the CFO may be required to report to the CEO depending on the structure of the firm.