Patsy, a nurse, has decided to start a home health care service to assist with the medical, meal preparation, and light housecleaning needs of older adults. To grow her business, Patsy is focusing her marketing efforts on the older adult population; as she does this, she is involved with the _____ environment.

An independent audit adds value to the communication of financial info because the audit

a. Confirms the exact accuracy of managements financial representations b. Lends creditability to the financial statements c. Guarantees that financial data are fairly presented d. Assures the readers of financial statements that any fraudulent activity has been corrected

Hypotheses are used to generate theory and laws and they have no place in problem definition

Indicate whether the statement is true or false