Which of the Following Situations Is Not the Result of a Weakness

question 2

Short Answer

Which of the following situations is not the result of a weakness in or lack of internal controls?
A. Financial statements are misstated because individuals were able to update financial information beyond that needed to perform their job functions.
B. A sales order is placed on back-order, but is never filled or canceled.
C. Earnings per share are misstated due to a spreadsheet error.
D. The vendor bills an amount different than the amount entered on the purchase order.

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Definitions:

Neutral Third Party

An unbiased individual or entity that is not involved in a conflict or negotiation and can facilitate or mediate discussions.

Mutually Binding Settlement

An agreement or resolution that is legally or morally obligatory for all parties involved.

Surgical Procedure

Any invasive medical procedure performed with the aim of treating injuries or illnesses by manually or instrumentally operating on the body.

Diet Restrictions

Specific limitations on food intake, which can be due to allergies, medical conditions, or personal choice, aimed at promoting health.