If Auditors Conclude the Company Did Not Maintain Effective ICFR

question 120

Multiple Choice

If auditors conclude the company did not maintain effective ICFR over the period under audit, it would mean the auditors discovered a/an _______ in the client's ICFR.

• A)material weakness
• B)audit risk
• C)reasonable assurance
• D)professional skepticism

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Definitions:

Childhood

The period in human development that extends from birth until adolescence.

Adulthood

The period in an individual's life after they have passed through childhood and adolescence, typically marked by full physical development and legal responsibilities.

Permissive Parenting Style

A child-rearing approach characterized by high levels of warmth and low levels of control or discipline.

Academic Performance

The degree to which a student, teacher, or educational institution has met their immediate or future academic objectives.