Advocates of which theory would argue that the government is best able to develop accounting standards because it has greater enforcement powers,and is more likely to be less responsive to pressures from interest groups?
A) Capture theory
B) Private interest theory
C) Economic interest theory
D) Public interest theory

Question

Quizplus · Accepted Answer

The advocates of the public interest theory believe that the government is best suited to develop accounting standards because it has a broader perspective and is less influenced by particular interest groups. They argue that the government has greater enforcement powers and can act in the public interest.

Advocates of Which Theory Would Argue That the Government Is