Which of the following factors should an auditor consider when evaluating the severity of an identified control deficiency?
a. Magnitude of the potential misstatement.
b. Likelihood of misstatement.
c. Either a. or b., but not both.
d. Both a. and b.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.