Which of these statements is/are correct relating to the conduct of an audit? | An auditor/CPA must exercise due professional care and can rely on all representations from management of the client company. IL A contract exists between the auditor and the client, and due professional care must be exercised by the auditor in all dealings with management. Select one: O a. Only 1 is correct. O b. Both (1) and (II) are incorrect. Both (1) and (II) are correct. d. Only II is correct