The section of an annual report that contains management's discussion of the company's operating results is referred to as the Statement of Management's Responsibility.

Question

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The section of an annual report that contains management's discussion of the company's operating results is actually called "Management's Discussion and Analysis (MD&A)". The Statement of Management's Responsibility usually refers to a different section in the annual report that outlines the responsibilities of the company's management team for financial reporting and internal controls.

The Section of an Annual Report That Contains Management's Discussion