Take the following as truth: Also, the Chief Financial Officers Act of 1990 calls for financial management systems to comply with internal control standards, and the Federal Financial Management Improvement Act of 1996 identifies internal control as an integral part of improving financial management systems.
Then the following statement: "The Chief Financial Officers Act of 1990 requires no control standards and lets CFOs do what they want." is true, false, or inconclusive?
Answer: False