A Deficiency in an Operation Exists When ________

question 15

Multiple Choice

A deficiency in an operation exists when ________.

• A)a properly designed control does not operate as designed or the person performing the control does not possess the necessary authority or competence to perform the control effectively
• B)properly designed control operates as designed and the person performing the control possesses the necessary authority or competence to perform the control effectively
• C)it has become clear to the auditor that performance of the operation creates significant risk that a material misstatement will not be detected by the client system
• D)an improperly designed control does not operate as designed or the person performing the control possesses the necessary authority or competence to perform the control effectively

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Definitions:

Quick-Look Analysis

A preliminary, expedited evaluation of a situation or set of data to gain an initial understanding and guide further in-depth analysis.

California Dental Association

A nonprofit organization representing the dental profession in California, dedicated to advancing the profession through education, advocacy, and member services.

Clayton Act

A U.S. antitrust law enacted in 1914 to promote competition and prevent unfair business practices in the marketplace.

1914

Generally references the year notable for the start of World War I, but without additional context, it doesn't apply to a specific key-term related to law or policy.