A client sues Jane Corning, an independent accountant, for negligence, alleging that, because she failed to apply generally/ accepted auditing standards, she failed to discover large thefts of marketable securities. Under these circumstances:

a. Corning is not bound by generally accepted auditing standards unless she is a member of the AlCPA.

b. Corning is negligent if she failed to apply generally accepted auditing standards.

c. Generally accepted auditing standards apply to financial statements taken as a whole, not to audits of individual accounts.

d. If Corning failed to apply generally accepted auditing standards, she would likely have committed a fraud.

Choose the correct answer.