Lesson: Requirements of Management

This lesson delves into the requirements of management as per the Sarbanes-Oxley Act (SOX) of 2002. The focus is on disclosure requirements, code of ethics, and management's responsibility to establish and maintain adequate internal controls. The lesson emphasizes the importance of CEOs and CFOs signing management representations regarding annual and quarterly financial reports filed with the SEC, as well as their responsibility to establish and maintain the effectiveness of internal controls. Additionally, discussion includes the separate report on internal control which management must issue, and the various statements it needs to include.