What Is One of the Main Reasons Why Securities Commissions

question 17

Multiple Choice

What is one of the main reasons why securities commissions are often ineffective enforcement agencies for accounting standards?

• A)Lack of knowledge
• B)Lack of financing
• C)Lack of independence
• D)Lack of support from professional accounting bodies

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Definitions:

Inductive Approach

A method of reasoning that creates general principles from specific observations, often used in scientific and empirical research.

Polygraphs

Devices used in an attempt to detect lies, measuring physiological responses believed to be indicators of truthfulness or deception.

Perspiration

The process of sweating, where the body excretes water and salts through the skin primarily to regulate body temperature.

Heart Rate

The number of times a person's heart beats per minute, indicating cardiovascular health and fitness levels.