Listed Below Are Examples of Matters That May Be Reportable

question 94

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
-Inadequate procedures for appropriately assessing and applying accounting
principles.
_____

• 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:

Graphically

Using diagrams, charts, or other visual representations to explain or analyze data and concepts.

Group Technology

An approach in manufacturing that groups parts with similar characteristics into families to achieve efficiency in production.

Electronic Communication

The transmission of information using electronic methods such as email, text messaging, and online platforms.

Tooling Setup Time

The time required to prepare a machine for a new production run, including the installation of new tools, dies, and fixtures.