Question

Consider the following statements regarding Standards, Standards for statutory auditors, and IT Act compliance: Statement 1: Information security audits are mandatory under the IT Act. Statement 2: Statutory auditors must report compliance with IT Act requirements. Statement 3: The IT Act provides specific audit standards for organizations. Statement 4: Failure of auditors to report IT Act violations constitutes negligence. Which statements are correct?

A Statements 1 and 3 only
B Statements 2 and 4 only
C Statements 1, 2, and 4 only
D Statements 2, 3, and 4 only
E All statements are correct
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