We know that if a body moves with constant speed on a circular path, it is a uniform circular motion, an acceleration along radius towards centre and has magnitude. $ a={{a}_{r}}=\frac{{{v}^{2}}}{r}=r{{\omega }^{2}} $ This is called central acceleration. So, speed and magnitude of acceleration are constant but their direction are always changing to provide centripetal acceleration by Newtons second law of force, $ F=ma=\frac{m{{v}^{2}}}{r}=mr{{\omega }^{2}} $ This force is called centripetal force and is of constant magnitude but changing direction. Hence assertion is wrong and reason which is, that the direction of velocity vector of a body moving in a circular path is changing is true.