Go to the Securities and Exchange Commission’s Web site (www.sec.gov) and type “Sarbanes-Oxley Act of 2002” in the search box. Click on the full text of the Sarbanes-Oxley Act of 2002. 

Required:

a. Go to section 302, Corporate Responsibility for Financial Reports, and summarize the six requirements in this section. Assume you are the chief financial officer of a public company. What concerns might you have about these requirements?

b. Go to section 404, subsection a, Management Assessment of Internal Controls. Assume you are an executive officer of a public company. What two items are you required to present in the annual report?