The Public Company Accounting Oversight Board States That Reasonable Assurance

Multiple Choice

The Public Company Accounting Oversight Board states that reasonable assurance allows a:

A) small likelihood of ineffective internal controls.
B) remote likelihood that material misstatements will not be prevented or detected by internal control.
C) likelihood that material misstatements will not be prevented or detected by internal control.
D) high likelihood that material misstatements will not be prevented or detected by internal control.