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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:

Interest Group

An organization or group that advocates for its members' interests, often in the political realm.

National

Pertaining to or encompassing an entire nation, as opposed to being regional or local; often refers to governmental policies or initiatives at the country-wide level.

State

An organized political community under one government; a nation or territory considered as an organized political community.

Local Party Organizations

The grassroots units of political parties, operating at the local level to support party candidates and policies within specific communities.

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