Take the following as truth: 11Our report, The Accounting  Status of Panel on Audit Effectiveness Recommendations to Enhance the Self-Regulatory System (GAO-02-411,Washington, D.C.: May 15, 2002) discusses the various bodies that regulate the accounting profession.
Then the following statement: "They had a lot of regulations and rules for them to follow." is true, false, or inconclusive?
Answer: False