Management's Report on Internal Control Over Financial Reporting:
A) Provides the auditor's opinion on the fairness of the financial statements.
B) Contains personal certification of the financial statements by the company's executives.
C) Contains a detailed description of compensation of the company's executives for the year.
D) Provides a summary of significant accounting policies used to prepare financial statements.

Question

Quizplus · Accepted Answer

Management's Report on Internal Control Over Financial Reporting includes personal certification by the company's executives, affirming their responsibility for establishing and maintaining adequate internal control over financial reporting. This is in line with regulations like the Sarbanes-Oxley Act, which requires such personal certifications from top management.