Listed Below Are Examples of Matters That May Be Reportable

question 91

Multiple Choice

Listed below are examples of matters that may be reportable conditions. Indicate the nature of each event by using the following code letters:
Deficiencies in Internal Control Design
Failures in the Operation of Internal Control
-Misrepresentation by client personnel to the auditor.
_____

• A)Failures in the Operation of Internal Control
• B)A system fails to provide complete and accurate output consistent with the

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Definitions:

Growth Opportunities

Potential situations or actions that can lead to an expansion in business size, operations, or profitability.

Project-Based Groups

Teams formed for the specific purpose of completing a project, disbanding once the project is complete.

Matrix Structure

An organizational structure that assigns specialists from different functional departments to work on one or more projects.

Divisional Structure

A divisional structure is an organizational setup in which the company is divided into semi-autonomous units or divisions, each focusing on a specific product line, market sector, or geographical region.