Which of the Following Is a Deficiency in Internal Control

question 23

Multiple Choice

Which of the following is a deficiency in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented on a timely basis?

• A)Material weakness
• B)Deficiency in internal control
• C)Significant deficiency
• D)Immaterial weakness

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Definitions:

Evolutionary Advances

Innovations or developments within organisms over time that enhance survival, reproduction, or adaptation to environmental changes.

Nervous Systems

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, facilitating bodily functions and responses to external stimuli.

Memory and Learning

The cognitive processes involved in acquiring new information or modifying existing knowledge (learning) and storing and recalling information (memory).

Cerebrum

The most sizable segment of the brain, accountable for advanced cerebral activities including thinking, acting, and feeling emotions.