What most appropriately describes the implications of the Kingston Cotton Mill

(1896) and London and General Bank (1895) cases?

(a) The auditor has a responsibility to the shareholders and all interested users of the financial statements.

(b) The auditor has a responsibility to exercise the skill and care of a reasonably competent and well informed member of the profession.

(c) The auditor is to act like a watchdog and ensure that no fraud goes undetected.

(d) The auditor should not trust management in relation to any issues affecting the audit of the financial statements.

Choose the best answer.