The Executives of McKesson and Robbins Pharmaceuticals Were Able to Steal

The executives of McKesson and Robbins Pharmaceuticals were able to steal around $2.9 million in 1939 because

A) Its auditors did not follow the generally accepted auditing standards (GAAS) of the time
B) The independent audit of financial statements was not required at the time
C) Physical inspection of inventory was not performed by the auditors
D) The auditors were not independent and conspired with management to steal the funds