Which of the following is FALSE regarding corporate governance’

Which of the following is FALSE regarding corporate governance’
A . Effective corporate governance practices are most necessary in an organization in which the owners are not also the individuals responsible for setting and executing the business strategy
B . Effective corporate governance practices are considered to be the foundation of fraud risk management.
C . Corporate governances primary purpose is to ensure the accuracy of the organization’s financial reports
D . An entity’s corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization.

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Answer: D