The Treadway Commission Studied 450 Lawsuits Against Auditors and Found

Multiple Choice

The Treadway Commission studied 450 lawsuits against auditors and found that

A) misappropriation of assets was the reason for over one-half of the suits.
B) fraudulent financial reporting was the reason for over one-half of the suits.
C) white-collar criminals were responsible for only a fraction of the lawsuits.
D) only in a very few cases were financial statements falsified.