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Which is an argument against regulation

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Reference no: EM132656215

Problem 1: Which of the following is an argument against regulation?

a) Free riders can access financial information about companies.

b) Market mechanisms can force firms to provide financial disclosures.

c) Accounting information is a public good.

d) The accounting profession is more independent than government.

Problem 2: Under private interest theory, all of the following are correct EXCEPT:

a) Government intervenes to correct market failures.

b) Firms demand regulation that is in their own interest.

c) Accounting standards can be affected by lobbying.

d) Groups with more resources are more successful in influencing regulators.

Reference no: EM132656215

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