Section 404 of SOX Recommends, but Does Not Require, the Company's

question 4

True/False

Section 404 of SOX recommends, but does not require, the company's external auditors to attest to and issue a report on management's assessment of internal control.

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Definitions:

Profitability Ratios

Financial metrics used to evaluate a company's ability to generate profit relative to its revenue, assets, equity, or other financial metrics.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross income.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.