material weakness is a situation in which:Multiple Choice$0451$:$31$there is a remote likelihood that a material misstatement would not be prevented or detected and corrected on a timely basis.it is probable that an immaterial financial statement misstatement would not be prevented or detected and corrected on a timely basis.it is reasonably possible that an immaterial misstatement would not be prevented or detected and corrected on a timely basis.it is reasonably possible that a material misstatement would not be prevented or detected and