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