16. 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: (i) Auditors use assertions for account balances. (ii) Auditors use assertions for presentations and disclosures. Which of these statements were true? a. (i) only b. (ii) only c. both (i) and (ii) d. neither (i) nor (ii)