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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 17
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.
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.
Explanation
Verified
Verified
Therefore,...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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