Which of the Following Is Not a True Statement

Which of the following is not a true statement?

A) Financial accounting concerns the preparation of financial reports for external users on a monthly basis.
B) Management accounting concerns the provision of financial reports to managers.
C) Management accounting reports can be produced using non- standardised formats across companies.
D) For most organisations, the accounting system can be seen as the most extensive and all encompassing information system.
E) A reducing level of confidence in financial accounting systems would translate into a greater reluctance for equity providers to invest in companies.