A Material Weakness Is a Deficiency Where There Is More

question 77

True/False

A material weakness is a deficiency where there is more than a remote possibility that a misstatement that is less than material, but still significant enough that it should be reported to those charged with governance.

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Definitions:

Chain of Reasoning

A sequence of statements or steps of logic that lead from premises to a conclusion.

Conclusion

The final part of something, such as an argument or text, summarizing or stating the end result.

Analyzing Argument

The process of evaluating the structure and content of an argument to assess its validity and soundness.

Logical Structure

The arrangement and relationship of components within a statement or argument that determines its validity.