Which of the Following Statements Does Not Describe Why Accounting

Which of the following statements does not describe why accounting regulation is needed?

A) If a process is regulated, even though people might not understand the regulation they are more likely to have confidence in it.
B) Regulation is put in place to protect the favoured positions of those with capital.
C) Regulation is put in place so that the interest of the public is served.
D) If the financial system is regulated, the resulting increased community confidence will lead to a reduced cost of capital for all firms.