When completing the audit of internal controls for a company, the severity of an internal control deficiency depends on:

Group of answer choices

Whether there is a reasonable possibility that the company's controls will fail to prevent or detect a misstatement of an account balance or disclosure.

Whether the account has a history of errors.

The magnitude of the potential misstatement resulting from the deficiency or the deficiencies.

Both A and C are correct.

All of the above are correct.