All of the following are true about external reports between businesses and the government EXCEPT
A) they can include tax and compliance reporting.
B) they can be filed nationally or internationally.
C) they are standardized for the most part to reduce the regulatory burden.
D) their primary focus is government.

Question

Quizplus · Accepted Answer

The statement "their primary focus is government" is false. While external reports between businesses and government do primarily involve reporting to the government (e.g. tax reporting, compliance reporting), their focus is not exclusively on the government. They may also include reporting to other regulatory bodies or industry organizations.

All of the Following Are True About External Reports Between