Which of the Following Was Not a Criticism of the Development

question 23

Multiple Choice

Which of the following was not a criticism of the development of accounting standards by the Accounting Principles Board?

• A) The independence of the members of the APB. The individuals serving on the board had full-time responsibilities elsewhere that might influence their views of certain issues.
• B) The structure of the board. The largest eight public accounting firms (at that time) were automatically awarded one member, and there were usually five or six other public accountants on the APB.
• C) Harmonization. The accounting standards developed were dissimilar to those developed by the International Accounting Standards Committee.
• D) Response time. The emerging accounting problems were not being investigated and solved quickly enough by the part-time members.

---

Definitions:

Social-Cultural Influences

Impacts of societal norms, values, cultural practices, and social contexts on individuals' behaviors, thoughts, and emotions.

Multiple Levels

An approach or analysis method that considers various layers or dimensions of a subject or system.

Delinquent Behaviors

Actions that deviate from the social norms, laws, or ethical codes of a given society.

Social-Cultural Perspective

A viewpoint that emphasizes the importance of social interactions and cultural context in understanding human behavior and mental processes.