Which of the Following Statements Is Untrue

Which of the following statements is untrue?

A) A lack of confidence in financial accounting systems would likely make it harder to raise debt and equity funding.
B) Management accounting systems are designed to help managers in their decision making and control of businesses.
C) Greater use of the Uniform System of Accounts is signifying increased standardisation of hotel account classification schemes and also financial performance reports produced by hotels.
D) The accounting system is one of several information systems that monitor the performance of all departments within hotels.
E) For the sake of a healthy economy, it is important that a reliable financial accounting system is established.