Question: A material weakness in internal control over financial reporting is a situation in which: It is probable that an immaterial fiancial statement misstatement would not
A material weakness in internal control over financial reporting is a situation in which:
It is probable that an immaterial fiancial statement misstatement would not be detrected on a trimley basis.
There is a remote likehood that a material misstatement would be detected on a timely basis.
It is reasonable possibility that a material weakness in internal control resulting in material misstatement to the financial statements would not be detected or prevented on a timely basis
It is reasonably possible that an material misstatement would not be detected inb a timley basis.
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