Since External Users of Financial Statements Have No Way to Verify

Multiple Choice

Since external users of financial statements have no way to verify the reported information,

A) they cannot make informed decisions from financial information.
B) FASB provides consequences to companies who distribute false managerial accounting reports to outsiders.
C) GAAP provides a level of protection or assurance that the reports will follow certain standards.
D) internal reports are provided to them by management.