Question: 2) A ________ exists if one or more control deficiencies exist that are less severe than a material weakness, but are important enough to merit

2)

A ________ exists if one or more control deficiencies exist that are less severe than a material weakness, but are important enough to merit attention by those responsible for oversight of the company's financial reporting.

A)

potential misstatement

B)

significant weakness

C)

significant deficiency

D)

fraud symptom

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!