The Securities and Exchange Commission instituted rules requiring the chief executive officers and chief financial officers of all publicly traded companies to certify that,to their knowledge,the quarterly and annual statements that their companies file with the SEC are
A)100 percent accurate and contain no misstatements,errors,or mistakes.
B)accurate and complete.
C)subject to interpretation due to the many accounting rules and regulations.
D)not to be used except by individuals working for the company.

Question

Quizplus · Accepted Answer

The SEC rules require the CEOs and CFOs to certify that, to their knowledge, the quarterly and annual statements filed with the SEC are accurate and complete. They do not require the statements to be 100 percent accurate or free of all mistakes or errors. The statements are also not subject to interpretation due to accounting rules and regulations, as they must be presented in a clear and understandable way. Finally, the statements are not restricted for use only by individuals working for the company, as they are publicly available to investors and other stakeholders.

The Securities and Exchange Commission Instituted Rules Requiring the Chief