Which of the following would constitute a material misstatement? 1. An error of RO.5,000 in relation to assets of RO.2 Million 2. A payroll fraud of RO. 100 in a company where profit before tax is RO.10,000. 3. Non-disclosure of a material uncertainty. 4. Financial statements have been prepared on a going concern basis when the company is in the process of being liquidated. O a. 1 and 2 O b. 3 and 4 O c. 1 and 4 O d. 2 and 3