Which of the following arguments is used in support of reducing accounting regulation?
A) Accounting information is like any other good, and the forces of supply and demand should be allowed to operate so that the optimal amount of accounting information is produced.
B) The capital market operates quite efficiently, and will impose penalties on managers who elect to provide biased information about an organisation's financial performance and position.
C) Individuals act in their own self-interest and will use the given regulation to maximise their own wealth.
D) All of the given options are correct.
Correct Answer:
Verified
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