Answered: Which of the following is not a guiding…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter13: Emerging Topics In Managerial Accounting

Section: Chapter Questions

Problem 8MCQ: Which of the following items (correctly describes an important difference (in most countries and...

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Which of the following is not a guiding principle of financial regulation?

Question 3Answer

Innovation should be discouraged to ensure that financial products and services offered conform to the set rules and regulations.

Strict monitoring should be set up to ensure that international standards are met.

Prudence and effectiveness should be applied when using financial resources of a country.

Regulatory measures on the senior management of the financial institutions so as to ensure that decisions taken are in the best interest to the financial market.

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