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what was one outcome of the sarbanes-oxley act of 2002? top management of u.s. companies must now individually and personally certify the accuracy of financial information expenses related to corporate compliance are now tax-deductible. public corporations are no longer required to use independent auditors to review their accounting practic ceos prohibited from earning bonuses tied to comp stock performance.
The Sarbanes - Oxley Act of 2002 was enacted to improve corporate governance and financial reporting. One of its key provisions is that top management (like CEOs and CFOs) of U.S. public companies must personally certify the accuracy of financial statements. The other options are incorrect: corporate compliance expenses are not tax - deductible under SOX, public corporations still need independent auditors, and CEOs are not prohibited from earning bonuses tied to stock performance.
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A. Top management of U.S. companies must now individually and personally certify the accuracy of financial information