Which of these is a criticism of the public interest theory of accounting regulation?

Question

Quizplus · Accepted Answer

The first option (A) indicates that there are other possible explanations for behavior in accounting regulation beyond the public interest theory, suggesting that the theory may not always be applicable. The second option (B) is a critique indicating that business interests often attempt to shape perceptions of their actions, regardless of whether they align with the public interest or not. Therefore, both options indicate issues with the public interest theory of accounting regulation, leading to the conclusion that option C is correct.

Which of These Is a Criticism of the Public Interest