easy5 pts · first answer countsinternal-controlsdeficiency-evaluation

Defining a material weakness

Which statement best defines a material weakness in internal control over financial reporting?

A.Any control deficiency that internal audit has formally reported to the audit committeeB.A deficiency where a material misstatement could reasonably go unprevented or undetectedC.A deficiency that has already caused a misstatement above performance materialityD.A deficiency in an IT general control, regardless of its effect on reporting

Discussion 0

Join free to post in the discussion.

Defining a material weakness

Discussion 0

Related questions