Question
Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) of publically-traded companies must personally certify that their companies' financial statements and other financial information contain
Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) of publically-traded companies must personally certify that their companies' financial statements and other financial information contain no untrue statements and do not leave out any important facts. After many corporate scandals, the certification requirement was introduced as a way to hold top executives personally responsible for the integrity of their company's financial information. You have just been hired to the management team of Khan Corporation, and you believe you are too new to the company to know whether the most recent financial reports are accurate or not. You are considering not signing the certification. What do you think? Should you sign the certification? Why or why not? Do you have any alternatives? Who are the stakeholders in this situation?
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