Which of the Following Factors Is Not Relevant When Assessing

question 33

Multiple Choice

Which of the following factors is not relevant when assessing identified internal control deficiencies?

• A) Weaknesses in the control environment.
• B) The absence of a material misstatement in the financial statements.
• C) Volume of transactions affected by the deficiency.
• D) Effectiveness of oversight/governance.

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Definitions:

Significant Moral Difference

A substantial distinction, based on ethical or moral grounds, that affects how situations or actions are evaluated.

Prima Facie Duty

A duty that is apparent and obligatory until proven otherwise, often used in ethical discussions to describe actions that appear morally necessary at first glance.

Sentient Being

An entity that has the capacity to experience feelings and sensations, such as pain and pleasure.

Well-Being

A state of comfort, health, or happiness that individuals or groups experience.