Which of the following factors should an auditor consider in making a judgment about whether a control deficiency is a significant deficiency?
A) The likelihood that a control will fail to prevent or detect a misstatement. II. The magnitude of the misstatement that could result from the deficiency.
B) I only.
C) II only.
D) Both I and II.
E) Neither I nor II.
Correct Answer:
Verified
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