Which of the Following Statements Is NOT True

question 52

Multiple Choice

Which of the following statements is NOT true?

• A)The SEC has authority to accept or reject financial accounting principles and standards developed by the FASB.
• B)The Sarbanes-Oxley Act places great emphasis on internal controls and fraud prevention.
• C)Because of the Sarbanes-Oxley Act, it is probable that the FASB's conceptual framework will become less important in developing accounting principles and standards.
• D)The American Institute of CPA's has in the past had strong influence on the development of accounting principles.

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Definitions:

Tardiness And Absenteeism

Refers to the phenomena where employees are consistently late to work (tardiness) or fail to show up for work (absenteeism), which can impact organizational productivity and morale.

Alienation

A condition in social relationships reflected by a low degree of integration or common values, often leading to feelings of isolation or estrangement.

Redefining Jobs

The process of modifying job roles or descriptions to meet the changing demands of the workplace or to enhance employee engagement and efficiency.

Assigning Tasks

The process of distributing work activities or responsibilities to individuals or teams based on skills, availability, or strategic importance.