Discuss the key features of Section 302 of the Sarbanes-Oxley Act.
What will be an ideal response?
Section 302 requires corporate management (including the chief executive officer [CEO]) to certify
financial and other information contained in the organization's quarterly and annual reports. The rule also requires them to certify the internal controls over financial reporting. The certifying officers are required to have designed internal controls, or to have caused such controls to be designed, and to provide reasonable assurance as to the reliability of the financial reporting process. Furthermore, they must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.
PTS: 1
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