US CMA Part 1 · Chapter 5 · Question 7 of 23
Under Section 302 of the Sarbanes-Oxley Act, who must certify each periodic report filed with the SEC, including statements about disclosure controls?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The principal executive officer and the principal financial officer
Explanation
Section 302 requires the CEO and CFO (or equivalents) to certify that the report does not contain material misstatements or omissions, that the financial statements fairly present the company's condition, and that they are responsible for disclosure controls and procedures.
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