Question: A control deficiency would be considered a material weakness when the likelihood that potential financial statement misstatements will not be prevented, or detected / corrected
A control deficiency would be considered a material weakness when the likelihood that potential financial statement misstatements will not be prevented, or detectedcorrected and the magnitude of such misstatements are at a minimum:Choose the best answer: A Likelihood reasonable magnitude material; B Likelihood probable magnitude material; C Likelihood reasonable magnitude more than inconsequential; D Likelihood probable magnitude more than inconsequential
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
