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With the passing of the SOX Act, there have been changes to corporate responsibilities. Which one of the following BEST defines this responsibility.
Top mangement must make the financial information available to the public
Top level management must now personally certify the accuracy of financial information
Top Management is not responsible for accuracy in financial information, the Corporation is responsible.
Top management must go through a personal internal audit.
The SOX act makes the top management directly responsible for the accuracy of financial information.
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