______ must verify in writing the accuracy of their corporation's financial statements.
A) Board members
B) Stockholders
C) CEOs and CFOs
D) Governmental officials

Question

Quizplus · Accepted Answer

CEOs (Chief Executive Officers) and CFOs (Chief Financial Officers) have the responsibility to ensure the accuracy of their corporation's financial statements and must provide written verification of their accuracy in accordance with the Sarbanes-Oxley Act of 2002. Board members and stockholders have oversight responsibilities, but ultimate responsibility lies with the CEO and CFO. Governmental officials may play a role in regulating and enforcing financial reporting requirements, but they are not directly responsible for verifying the accuracy of a corporation's financial statements.

______ Must Verify in Writing the Accuracy of Their Corporation's