Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Management accounting needs to follow specific set of rules called accounting standards unlike financial accounting O b. Management accounting information emphasize supporting decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of the organization. O c. Both financial accounting and management accounting involve the use of accounting information. O d. None of the given answers Financial accounting reports need to be audited to verify their accuracy unlike management accounting reports which do not need to be audited. O e