Multiple Choice
A study conducted of financial statement restatements in 2007 and 2008 indicated a decline in the number of restatements as a result of each of the following except for:
A) Improved audits of financial statements
B) Improved reliability of internal controls
C) A more relaxed approach of the SEC regarding materiality and the need to file restatements
D) All were cited as reasons for the decline
Correct Answer:
Verified
Correct Answer:
Verified
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