Take the following as truth: Other immediate priorities should be setting up an inspection function of auditors that audit SEC registrants and determining how standards that govern the work of the accounting profession, such as auditor independence rules and standards for conducting audits, should be set.
Then the following statement: "While an audit function is important, there are several other priorities that are just as, or more important. " is true, false, or inconclusive?
Answer: Inconclusive