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.
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