A Material Weakness Is a Situation in Which

Multiple Choice

A material weakness is a situation in which

A) It is probable that an immaterial financial statement misstatement would not be detected on a timely basis.
B) There is a remote likelihood that a material misstatement would be detected on a timely basis.
C) It is reasonably possible that a material misstatement would not be detected on a timely basis.
D) It is reasonably possible that an immaterial misstatement would not be detected on a timely basis.