Question 1
In certifying their annual financial statements, the CEO and CFO of a public company certify that the financial statements comply with the requirements of
◦ GAAP.
◦ the Sarbanes-Oxley Act.
◦ the Securities Exchange Act of 1934.
◦ GAAS.
Question 2
Management is
not responsible for which of the following?
◦ adopting sound accounting policies
◦ issuing their own opinion on the fairness of the financial statements
◦ maintaining an effective system of internal controls
◦ making fair representations in the financial statements