Which One of the Following Is Not True

question 23

Multiple Choice

Which one of the following is not true?

• A)Accounting standards evolve to improve the representation of financial statements.
• B)Accounting scandals introduced lower accounting standards.
• C)There is more and more collaboration between different countries to harmonize accounting standards.
• D)IASB is working with different accounting boards to harmonize worldwide standards.

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Definitions:

Agency Sponsorship

Support or endorsement from an organization, often financial or resource-based, for activities or projects.

Funding

The act of providing financial resources, typically by an organization or government, to support a project, program, or venture.

Temperate Phrasing

The use of moderate and balanced language to express ideas or opinions, avoiding extreme or provocative terms.

Provoke

To stimulate or incite someone to action or feeling, often with the intent of eliciting a specific reaction.