Q08: The Sarbanes-Oxley Act of 2002 made CEOs and CFOs accountable for the accuracy of their enterprises' financial statements. Yes or No? (best answer) O Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial statements. O No, Sarbanes-Oxley only made CEOs and CFOs responsible for operating their businesses effectively. O No, Sarbanes-Oxley only made CEOs and CFOs accountable for issuing misleading financial statements. O Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial statements and for having an adequate system of internal controls, including IT controls. O No, Sarbanes-Oxley only made CEOs and CFOs responsible for having an adequate system of internal controls.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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Q08: The Sarbanes-Oxley Act of 2002 made CEOs and CFOs accountable for the
accuracy of their enterprises' financial statements. Yes or No? (best answer)
Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial
statements.
O No, Sarbanes-Oxley only made CEOs and CFOs responsible for operating their businesses
effectively.
No, Sarbanes-Oxley only made CEOs and CFOs accountable for issuing misleading financial
statements.
Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial
statements and for having an adequate system of internal controls, including IT controls.
O No, Sarbanes-Oxley only made CEOs and CFOs responsible for having an adequate system of
internal controls.
Transcribed Image Text:Q08: The Sarbanes-Oxley Act of 2002 made CEOs and CFOs accountable for the accuracy of their enterprises' financial statements. Yes or No? (best answer) Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial statements. O No, Sarbanes-Oxley only made CEOs and CFOs responsible for operating their businesses effectively. No, Sarbanes-Oxley only made CEOs and CFOs accountable for issuing misleading financial statements. Yes, Sarbanes-Oxley made CEOs and CFOs accountable for issuing misleading financial statements and for having an adequate system of internal controls, including IT controls. O No, Sarbanes-Oxley only made CEOs and CFOs responsible for having an adequate system of internal controls.
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