Bankers who are processing loan applications from companies seeking large loans will probably ask for financial statements audited by an independent PA because

a. Financial statements are too complex for them to analyze themselves.

b. They are too far away from company headquarters to perform accounting and auditing themselves.

c. The consequences of making a bad loan are very undesirable.

d. They generally see a potential conflict of interest between company managers who want to get loans and their needs for reliable financial statements.