Which of the following statements is correct about the status ofauditingas a profession?

Select one:

a.Auditingobtained its status as a profession through the establishment of the AustralianAuditingand Assurance Board.

b.Auditingis recognised as a profession through its registration with the Australian Securities and Investments Commission.

c.

Auditingis recognised as a profession because it generates high fees.

d.