Multiple Choice
The difference between a significant deficiency and a material weakness is:
A) one of dollars amounts; the material weakness has a greater dollar impact than a significant deficiency.
B) a material weakness has a reasonable possibility that a material misstatement will not be detected; a significant deficiency is less severe.
C) a material weakness has a reasonable probability that a material misstatement will not be detected; a significant deficiency is less severe.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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