Which of the Following Is $\underline{\text{not}}$ Part of a CEO and CFO Certification of Financial Statements?​

question 47

Multiple Choice

Which of the following is $\underline{\text{not}}$ part of a CEO and CFO certification of financial statements?​

• A)​That they have reviewed the financial statements.
• B)​That there are not any untrue statements in the financial statements.
• C)That an external auditor has certified the internal controls of financial operations.
• D)That the financial statements represent all material aspects of the company's financial performance.

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Definitions:

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Standard of Value

A base for comparison that allows the determination of the economic value of goods and services.

Short Run

A period in economics during which some factors of production are fixed, limiting the immediate ability of businesses to expand or change production levels.

Long Run

Refers to a period in which all factors of production and costs are variable, allowing for the full adjustment to changes.