Which of the Following Is a Valid Criticism of the CSA

Multiple Choice

Which of the following is a valid criticism of the CSA corporate governance polices adopted as "best practices" guidelines in June 2005 by the Canadian Securities Commissions?

A) Enforced mandatory guidelines increase lifting of the corporate veil.
B) They fail to nationally harmonize securities regulation policy.
C) They fail to enforce effective oversight of the auditing profession.
D) Non-mandatory guidelines are ineffective compared to enforceable deterrents.