With the passage of the Sarbanes-Oxley Act (the “Act”) came many rules and revisions to rules that were already in place. One such revision relates to Section 302 of the Act, which requires that officer certifications be included as exhibits in all relevant filings and reports. This implementation is a revision because it is amending the Securities Exchange Act of 1934. This amendment to the 1934 rule is intended to give increased accessibility of these certifications to investors and regulators. This three-page overview white paper explores Rule 13a-14 and Section 302 of the Sarbanes-Oxley Act.

• The certifying officer has reviewed the report that is being filed.
• Based on the officer’s knowledge, the report does not contain any false, materially important statements and does not omit a material fact that is necessary to make the statements misleading.
• To the best of the officer’s knowledge, the financial statements, and any other financial information furnished in the report, fairly present in all material respects the financial conditions, results of operations, and cash flows of the company in regards to the periods presented in the report.
• The certifying officer is responsible for establishing and maintaining disclosure controls and procedures for the company. This has been done in the following manner:
  • The certifying officer has designed disclosure controls and procedures to guarantee that material information in regards to the company and any subsidiaries is made known to them by others within those entities.
  • The certifying officer has assessed the effectiveness of the issuer’s disclosure controls and procedures as of a date within 90 days prior to the filing date.

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