Which of the following statements is FALSE? The Securities and Exchange Commission (SEC) is the governmental agency that regulates the stock market and enforces reporting standards for publicly traded corporations. One of the key provisions of the Sarbanes-Oxley Act is that top management must now take more responsibility for the company's financial information including certifying the accuracy of the financial statements and reporting on the effectiveness of the company's internal control structure. Decision makers should always be aware of ethical conflicts, ask questions when needed, and be aware of pressures on a firm's management to make choices that are not in the company's or owners best interest. Borrowing money from the bank would be an example of a temporary financing activity. According to the Cost Principle, all assets should always be listed at their fair market values on the balance sheet, so that decision makers will know what their most current values are