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Question 9 Which of the following statements is/are FALSE: 1. If financial reporting was not regulated, companies would likely face a lower cost of capital. II. There is higher demand for the services of chartered accountants in jurisdictions with well-developed equity markets, which are dominated by many outside shareholders (widespread ownership) and where the tax rules are the accounting rules III. IFRS applies to listed companies in 130+ jurisdictions around the world. IV. US GAAP allows less accounting choice than IFRS. A. I and II B. III and IV I and III D. II and IV E. I, II, III F. II, III, IV G. None of the above options