QUESTION 34
Discuss the key features of Section 302 of the Sarbanes-Oxley Act. |
As per section 302 of the Sarbanes-Oxley Act of 2002, the CEO of a company is required to certify the company's annual and quarterly reports. This is done to ensure that such reports are accurate and complete and that the company has maintained adequate internal controls for public disclosure. The purpose for this is to ensure that the investors are provide with confidence in the accuracy, quality and reliability of a company's reports. It holds the signing officer personally accountable for the reports that he signed. Thus, in a way CEO personally certfies that the information provided is complete and accurate.
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