Which of the Following Propositions Is Not True If We

Which of the following propositions is not true if we accept the notion that accounting regulation is considered to be the output of a political process?

A) Financial accounting is objective, neutral and apolitical.
B) Standard-setting bodies encourage affected parties to make submissions on draft versions of the proposed accounting standards.
C) Many decisions that are made are the outcome of compromise.
D) If the social welfare impact of accounting policies were ignored, the basis for the existence of a regulatory body would disappear.