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KatRina [158]
1 year ago
12

According to the sarbanes-oxley act, who is responsible for the corporation's financial statements?

Business
1 answer:
CaHeK987 [17]1 year ago
5 0

According to the Sarbanes-Oxley act, auditors is responsible for the corporation's financial statements.

The 2002 Sarbanes-Oxley Act imposes strict penalties for corporate fraud. To regulate the accounting sector, it established the Public Company Accounting Oversight Board. It prohibited business loans to executives and provided job protection for informants.

The Act improves the corporate boards' financial savvy and independence. It holds CEOs liable for any faults found during accounting audits.

The Act is named for its sponsors, Congressman Michael Oxley of Ohio and Senator Paul Sarbanes of Maryland. Additionally known as "Sarbox" or "SOX," The law was enacted on July 30, 2002. It is enforced by the Securities and Exchange Commission (SEC).

To learn more about Sarbanes-Oxley Act here

brainly.com/question/4254567

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Peterson Photoshop sold $1,300 in gift cards on a special promotion on October 15, 2021, and sold $1,950 in gift cards on anothe
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Answer:

$1,300

Explanation:

Given that,

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= $1,300

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Ulleksa [173]

Explanation:

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8 0
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What program begins with a thirteen-week reintegration treatment program that attempts to improve offenders' basic socialization
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6 0
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Which non-income factor for a potential job would influence a person who needs to be
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Answer:

The non-income factor for a potential job which would influence a person who needs to be  available to drive children to and from school and activities is:

O Independence.

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