Which of these statements is/are correct? | The audit of client companies that are insolvent are more likely to lead to claims for audit liability in comparison to the audit of companies with low levels of solvency. Il The conditions for a contingent liability include a potential future uncertain payment to an outside party or the impairment of an asset that resulted from an existing condition. Select one: a. I only O b. Both I and II are correct O c. Il only O d. Both I and II are incorrect