Olivia Peralta was training a team of new auditors and delivered some interesting rules of thumb about control risk and detection risk:

(i)		The required level of confidence is a function of control risk when testing controls and detection risk when conducting substantive tests.
(ii)		When detection risk is determined to be low, an auditor will require a low level of confidence that the transactions and accounts are not materially misstated.

Which of the above two statements are true?

(i) only

(ii) only

both (i) and (ii)

neither (i) or (ii)