In doing their audit work, auditors will refer to the management assertions of the financial statements. Which of the following describes the definition of 'management assertions'? Select one: a. Implicit or explicit claims and representations made by the management responsible for the preparation of financial statements regarding the appropriateness of the various elements of financial statements and disclosures. Implicit or explicit claims and representations made by the management responsible for the preparation of financial statements regarding the appropriateness of the various elements of financial statements and disclosures. and representations made by the management responsible for the preparation of financial statements regarding the appropriateness of the various elements of financial statements and disclosures. b. The standards used by the management to prepare the financial statements issued by the country's accounting professional bodies. c. An examination of the policies and procedures of an entity or department, to see if it is in compliance with internal or regulatory standards d. Information used by auditor to determine whether the information being audited is stated in accordance with the established criteria.