The assertion that number pi (π) can't be expressed as a simple fraction, is not the root of any non-zero polynomial with rational coefficients, and is transcendent, thus making it impossible to square the circle with just a compass and a straightedge, is indeed accurate.
In terms of real numbers, an irrational number, like pi, can't be expressed as a fraction of two integers. Even though we often use 3.14 or 22/7 as approximations, the true value of pi is an infinite un-repetitive decimal, signifying that it's irrational.
Moreover, pi is a transcendental number, which means it's not algebraic; it can't be a root of any non-zero polynomial equation with rational coefficients. Even though it may seem abstract, this has practical implications. Since ancient times, mathematicians attempted to "square the circle". The nature of pi as a transcendental number proves this to be impossible using basic geometric tools: a compass and a straightedge.
In conclusion, the statement is true: pi is irrational and transcendental, and you can't square a circle with a compass and straight-edge alone.
Answer: True