Match the following term and definitions.
a. audit of internal control
b. audit of financial statements
c. IT audit
d. integrated audit
e. material weakness
f. significant deficiency

_ _ 1. Deficiency that results in a reasonable possibility that a material misstatement of financial statements will not be prevented or detected on a timely basis
__ 2. A deficiency in internal control over financial reporting that is less severe than a material weakness
__ 3. Tests of controls to obtain evidence that internal control over financial reporting has operated effectively
__ 4. Integrates an audit of internal control with an audit of financial statements
__ 5. Audit of IT controls
__ 6. Tests of controls to assess risk and substantive procedures to collect evidence regarding the accuracy, completeness, and validity of data produced by the accounting system
__ 7. Committee of Sponsoring Organization of the Treadway Commission

  • CreatedFebruary 20, 2015
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