The financial statement JKL Ltd. are not ready for approval by the shareholders in AGM as auditor was unable to find the Trial Balance difference of Rs.30,00,000. The management of JKL Ltd. Is of the opinion that the auditor shall be held responsible for all the delay. Can the management do so? a ) Yes, as the responsibility of audit is of the auditor and hence is liable for the delay b ) No, The shareholder should approve the untallied financial statement and later on amend it c ) No, the responsibility for preparation and presentation of Financial statement is that of management and the audit of financial statements does no d ) Yes, but the responsibility lies between both management and the auditor