Which of the Following Refers to a Deficiency Where There

question 86

Multiple Choice

Which of the following refers to a deficiency where there is more than a remote possibility that a material misstatement could occur in the financial statements due to a breakdown in the system of internal control?

• A)Material weakness
• B)Significant deficiency
• C)Control deficiency
• D)Insignificant deficiency

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Definitions:

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Accommodation

In psychology, the process of adapting cognitive schemas to incorporate new information.

Assimilation

The process by which an individual or group adopts the cultural traits or social patterns of another group.

Piaget's Concept

A theory by Jean Piaget that describes the cognitive development of children in stages, focusing on how they acquire knowledge and understanding of the world.