With the enactment of the Sarbanes-Oxley Act of 2002, CEOs and CFOs are now responsible for all of the following except:
A) stipulating that the financial statements do not omit material information.
B) attesting to the adequacy of the company's internal controls.
C) attesting to the accuracy of the company's credit rating with the largest rating agencies.
D) disclosing that they have notified the company's auditors and audit committee of any fraud that involves management.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not require CEOs and CFOs to attest to the accuracy of the company's credit rating with the largest rating agencies. The Act focuses on financial reporting and internal controls.

With the Enactment of the Sarbanes-Oxley Act of 2002, CEOs