Which of these statements is/are correct? | An audit failure occurs when an auditor issues an erroneous opinion regarding the fair presentation of the financial statements because the auditor failed to comply with the requirements of auditing standards. Il The auditor generally owes a duty of care to third parties (such as shareholders), who are part of a limited group of persons whose reliance is "foreseen" by the auditor. Select one: O a. I only O b. Il only c. Both I and II are correct O d. Both I and II are incorrect