Which of the Following Is Not a Reason Cited in the Text

question 66

Multiple Choice

Which of the following is not a reason cited in the text for the failure of the CAP and the APB as regulatory bodies?

• A)The SEC did not officially endorse private-sector standard setting until 1973.
• B)The CAP and the APB lacked the necessary political structure to ensure their survival.
• C)Policy making was exposed to outside influence.
• D)There appeared to be no due process in the determination of accounting and disclosure rules.