With regard to client acceptance/continuance decisions, which of the following is false? 

a. Client acceptance/continuance decisions are one part of the audit firm’s overall portfolio management activities.

b. The primary driver of the client acceptance/ continuance decision is the level of audit fees that the audit firm can charge the client. 

c. One can view an individual audit client as analogous to an individual stock in an investment portfolio. 

d. Audit firms are not required to provide audit services for all organizations requesting an audit.