The senior executives take individual responsibility for the accuracy and completeness of corporate financial reports. It is the interaction of external auditors and corporate audit committees, and specifies the responsibility of corporate officers for the accuracy and validity of corporate financial reports. It enumerates specific limits on the behaviors of corporate officers and describes specific forfeitures of benefits and civil penalties for non-compliance. The Section 302 of Sarbanes Oxley Act requires that the company's "principal officers" includong the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) certify and approve the integrity of their company financial reports quarterly.
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