When completing the audit of internal controls for an issuer
When completing the audit of internal controls for an issuer, the severity of an internal control deficiency depends on:
a. Whether there is a reasonable possibility that the company’s controls will fail to prevent or detect a misstatement of an account balance or disclosure.
b. Whether the account has a history of errors.
c. The magnitude of the potential misstatement resulting from the deficiency or the deficiencies.
d. Both a and c are correct.
e. All of the above are correct.


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