Examlex

Solved

A Deficiency, or a Combination of Deficiencies, in Internal Control

question 93

Multiple Choice

A deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis is best described as ________.


Definitions:

Input Value

The data received by a system from external sources, often used as parameters for processes or as triggers for actions within the system.

Set-Point Value

A predetermined value at which a system aims to maintain a specific variable, such as temperature or pressure, in automation and control systems.

Data Compare

A function or process of analyzing and identifying differences or similarities between two sets of data.

Transfer

The act of moving data, energy, or materials from one location, system, or medium to another.

Related Questions