Which of the following is not true of accounting principles?

A) Financial accountants follow generally accepted accounting principles (GAAP) .
B) Following GAAP allows accounting information users to compare one company to another.
C) A new accounting principle can be adopted with stockholders' approval.
D) The Financial Accounting Standards Board (FASB) has primary responsibility for developing accounting principles.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.

Financial Accountants

Professionals specializing in managing and reporting a company's financial transactions, ensuring compliance with accounting principles and regulations.

Stockholders' Approval

Stockholders' approval is the consent given by shareholders for certain business decisions or corporate actions, typically during a vote at a shareholders' meeting.