Because of the high cost of tests of details of balances, auditors do not perform this type of testing unless fraud is suspected

Stock option backdating is a serious problem because

a. the firm's financial performance is obfuscated b. the manager gains more ownership of the company c. it changes how the manager sees the future of the company d. it changes the reward and bonus that the manager receives

The U.S. Supreme Court ruled that a medical malpractice judgment based on negligent or

reckless conduct and not intentional conduct is dischargeable in bankruptcy. Indicate whether the statement is true or false