Which of the following is correct?

a. Aggressive accounting policies (choices) lead to lower earnings and higher assets

b. The independent auditors opinion and statement on the 10-K guarantee the information contained in the financial reports are correct.

c. The information contained in financial reports reflect people-made numbers and choices that may contain material errors and biases.

d. The information contained in audited financial reports are unquestioned facts because GAAP and the SEC required perfect information to be contained in 10-Ks.