Which section of the Sarbanes-Oxley Act specifies “Periodic financial reports must be certified by
CEO and CFO”?
A.
Section 302
B.
Section 404
C.
Section 203
D.
Section 409
Explanation:
Section 302 of the Sarbanes-Oxley Act requires corporate responsibility for financial reports to be
certified by CEO, CFO, or designated representative.
Answer C is incorrect. Section 203 of the Sarbanes-Oxley Act requires audit partners and review
partners to rotate off an assignment every five years.
Answer D is incorrect. Section 409 of the Sarbanes-Oxley Act states that the financial reports
must be distributed quickly and currently.
Answer B is incorrect. Section 404 of the Sarbanes-Oxley Act states that annual assessments of
internal controls are the responsibility of management.