The Sarbanes-Oxley Act of 2002 Does Not Require Any Certification

question 118

True/False

The Sarbanes-Oxley Act of 2002 does not require any certification from a public company's chief executive officer about the company's system of internal control.

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Definitions:

Average Total Assets

A measure used to calculate the mean value of a company's assets over a specific period, helpful in assessing the company’s asset utilization efficiency.

Return on Assets

An indicator of how profitable a company is relative to its total assets, measuring the efficiency in using assets to generate earnings.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profitability.

Average Total Assets

The average value of all assets owned by a company over a specific period, useful in assessing company productivity and investment returns.