_____ is a law that requires ceos and cfos to vouch personally for the truthfulness and fairness of their firms' financial disclosures and imposes tough new measures to deter and punish corporate and accounting fraud and corruption.

By: USER8779
3 September 2025 business 5 minutes
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Question

Grade: Education Subject: business
_____ is a law that requires ceos and cfos to vouch personally for the truthfulness and fairness of their firms' financial disclosures and imposes tough new measures to deter and punish corporate and accounting fraud and corruption.
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The Sarbanes-Oxley Act requires both CEOs and CFOs to personally vouch for the reported financial earnings of a company. This law was passed shortly after the Enron scandal.

Answered on 3 September 2025

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