Which of these statements is false according to auditing standards?

a. A high degree of competition accompanied by declining margins would be an example of an opportunity for fraudulent financial reporting.

b. Personal guarantees of debt of a company that are significant to one’s personal net worth are an example of a pressure/incentive for fraudulent financial reporting.

c. A heavy concentration of one’s wealth in a particular company would be an example of a rationalization condition for fraudulent financial reporting.

d. An excessive interest by management in maintaining a company’s stock price is an example of rationalization for fraudulent financial reporting.

e. An anticipated future layoff would be an example of one incentive to misappropriate assets.

f. A large amount of cash on hand would be an example of a rationalization to misappropriate assets.

g. Inadequate internal controls are an example of an opportunity to misappropriate assets.