An auditor who is planning the work to be performed concerning possible related party transactions should

a. Assume that transactions with related parties are not properly stated.

b. Determine whether transactions with related parties would have taken place if the parties had not been related.

c. Inquire of management regarding the existence of related parties and the rela¬ tionship of each of the parties to the total entity.

d. Establish a basis of accounting principles different from that which would have been appropriate had the parties not been related.