In the Case of Reisman V

Multiple Choice

In the case of Reisman v. KPMG Peat Marwick LLP, the auditors were found guilty of fraud because

A) They fraudulently recorded inventories that did not in fact exist
B) They were aware of misrepresentations that were relied upon by others
C) They approved moving liabilities off the balance sheet by using thousands of subsidiaries
D) They were not independent and conspired with management