Sign-Offs on Financials 'Trickle Down' to Other Finance Staff
One year after the Sarbanes-Oxley Act required CFOs and CEOs to certify their company's financial statements, a new survey by the Association for Financial Professionals (AFPonline.org) reveals that companies are asking lower-ranking financial staffers to put their names on the line as well. Roughly one-third of the staffers who provide information for Securities and Exchange Commission filings are not the chief financial executives. And 80% say they worry about their liability.