Debbie and Steve Are Discussing a Lecture Given by Their

Multiple Choice

Debbie and Steve are discussing a lecture given by their ethics professor after class one day. The professor said that misstatements of earnings are always unethical. Debbie agrees with this situation, but Steve does not. What statement might Steve make to best support his point of view?

A) It depends on whether the misstatements were made deliberately
B) It depends on whether a user relied on the financial statements
C) It depends on whether the statements lead to a modified or unmodified opinion
D) All are valid statements for Steve to support his point of view