Two new auditors boasted to their friends that they had performed the following procedures at their client: 1. Harold said that he had performed a reperformance procedure when he counted the client's petty cash on hand at the balance sheet date. 2. Tamara attended an inventory count to observe whether the two count teams were counting and recording inventory quantities. She said that this was an observation procedure. Select one: a. Only statement 1 is true b. Only statement 2 is true c. Both statements 1 and 2 are true d. Neither statements 1 or 2 are true