A significant deficiency:
A. Involves an amount of discovered misstatements greater than the amount used as the planning measure of materiality.
B. Is identical to a material weakness except that it need not be communicated to those responsible for oversight of the company's financial reporting.
C. Is less severe than a material weakness.
D. Differs from a material weakness in that it involves internal control over operations rather than internal control over financial reporting.
Answer: C
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