Which statement is false?

a. SAS No. 99 does not prohibit clients from preparing confirmations.

b. Enron issued $1.2 billion of stock to an SPE and recorded a $1.2 billion notes receivable.

c. Most of WorldCom’s original entries for online costs were properly placed into expense accounts.

d. Materiality is not important for an external auditor.

e. For prosecution for fraud, an accountant needs to find scienter (knowingly).