Federal tax law is irrelevant to corporate dividend policy because dividends are not tax deductible

The primary goal of a publicly owned firm is:

A) maximize profits. B) minimize shareholder risk. C) value creation. D) maximize revenues.

Which of the following statements is correct?

A) Auditors must obtain bank confirmations for audits of nonpublic entities. B) Auditors are required to obtain bank confirmations under international auditing standards. C) Auditing standards do not address specific requirements regarding bank confirmations. D) Auditing standards do not require bank confirmations.