Lesson: Whistleblower Protections

In this lesson, the importance of disclosing a code of ethics for an entity's senior financial officers as per SOX 2002 is emphasized, focusing on compliance with laws and regulations, fair and accurate financial reporting, and handling conflicts of interest. The lesson also delves into the CEOs and CFOs' responsibility of signing management representations regarding annual and quarterly financial reports filed with the SEC, outlining the specific statements they need to sign for. Furthermore, the lesson explores the management's report on internal controls, including statements of responsibility and the auditor's role in evaluating the effectiveness of internal controls. The lesson concludes by mentioning that the management's report should not include a statement regarding disagreements between management and the auditor on the effectiveness of internal controls.