Definition $($or Portion$)$

A control established to remedy misstatements that are discovered by a detective control.

A control that functions together with another control to achieve the same control objective.

A control that reduces the risk that an existing or potential control weakness will result in a failure to meet a

control objective.

A control that reduces the risk of misstatement by remediating control deficiencies through automated means.

A deficiency in internal control such that there is a reasonable possibility that a material misstatement will not

be prevented or detected on a timely basis.

A deficiency in internal control that is less severe than a material weakness, but more severe than a

significant deficiency.

A situation in which a control does not allow management or employees, in the normal course of performing

their functions, to prevent or detect misstatements on a timely basis.

Duplicate controls that achieve a control objective.

Procedures cycled periodically through the auditors' internal control deviation analysis.

The sequence of procedures applied by the client in processing a particular type of recurring transaction.

A procedure in which an auditor follows a transaction from origination through the company's processes,

including information systems, until it is reflected in the company's financial records.

A control that is precise enough to address risks of material misstatement at the assertion level.

A report that addresses operating effectiveness of controls.

A report that does not address operating effectiveness of controls.