Question 11 Which of the following statements regarding a company's internal control deficiencies is incorrect? O A When a compensating control exists, there is no longer a significant deficiency or material weakness, OB. The likelihood of misstatements and their potential materiality are used to evaluate significant deficiency or material weakness O c The importance of a significant deficiency or material weakness ha indirectly related to likelihood and materiality of potential misstatements OD Deficiency and material weakness are the absence of adequate controls