Andy Szypula, the Audit Manager, Was Explaining to His New

Multiple Choice

Andy Szypula, the audit manager, was explaining to his new audit team how management assertions work when assessing the risk of material misstatements. He made two statements to
His audit team:
Which of these statements were true?

A) (i) only
B) (ii) only
C) both (i) and (ii)
D) neither (i) nor (ii)