1. Which of the following statements about external auditing are correct?Professional ethics prohibit the external auditor from having a direct financial interest in the companies being audited
2. Auditors should be an unbiased, professionally sceptical reviewer of the financial statements
3. Auditors guarantee the accuracy of financial statements
4. Auditors are responsible to render a competent opinion on the fairness of the financial statements
5. When financial statements are not presented fairly in accordance with GAAP, auditors will issue a disclaimer

Select one:

a. i, ii, iii, iv and v

b. i, ii, iv and v

c. ii, iii and iv

d. i, ii, and iv