SEC orders management certification of financial statement accuracy
01 Jul 2002
The US Securities and Exchange Commission has posted a list of 947 companies whose chief executive and chief financial officers are now required to personally certify in writing, under oath, that their most recent reports filed with Commission are both complete and accurate.
Officers who make false certifications will face personal liability. The companies are domestic SEC registrants with annual revenues above $1.2 billion. Click for (PDF 36k).