In the context of academic evaluation, when conducting an in-depth analysis of the concepts of 'Assessment' and 'Evaluation' under 'Continuous and Comprehensive Evaluation' (CCE), which of the following is the most accurate psychological statement clarifying the fundamental and functional differences between 'Assessment for Learning', 'Assessment of Learning', and 'Assessment as Learning'?

Under Continuous and Comprehensive Evaluation (CCE), the processes of assessment and evaluation are an integral part of the teaching-learning cycle. 'Assessment for Learning' is formative in nature, helping in remedial teaching by understanding students' difficulties during instruction. 'Assessment of Learning' is summative, determining how much a learner has acquired within a specific timeframe. On the other hand, 'Assessment as Learning' equips students with metacognitive and self-regulatory abilities where they assess their own and their peers' learning. For detailed information on this topic, you can refer to the Wikipedia reference.