Managers of private companies are more likely than managers of public companies to correct misstatements the auditors discover because

a. Accuracy is more important in private companies than public companies.

b. Public company managers will be fired if they make errors in the financial statements.

c. Private companies are not required to comply with IFRS.

d. Public companies often issue press releases reporting their earnings before the full financial statements are issued and do not want to announce changes to the reported earnings.