The following two statements are representative of attitudes and opinions sometimes encountered by independent auditors:

a. Today's audit consists of test checking, a dangerous policy since test checking depends on the auditor's judgment, which may be defective. An audit can be relied on only if every transaction is audited.

b. An audit is essentially unproductive and contributes to neither the gross national product nor the general well-being of society. Rather than create, the auditor merely checks what someone else has done.

Required:

Evaluate both of the above statements, indicating:
1. Areas of agreement with the statement, if any.
2. Areas of misconception, incompleteness, or fallacious reasoning included in the statement, if any.