Which of the Following Factors Can Mitigate Concerns That the Auditor

question 97

Multiple Choice

Which of the following factors can mitigate concerns that the auditor might otherwise have about a material weakness that was identified at an interim date?

• A) Remediation of the control deficiency after the interim date.
• B) Existence of a compensating control at the year-end date that was also present at the interim date.
• C) Weaknesses in the control environment.
• D) Ineffectiveness of oversight and governance.

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Definitions:

Political Considerations

Factors involving politics or political influence that impact decision-making or the outcome of situations.

Business Negotiations

The process of reaching an agreement within a business context, often involving contracts, terms of service, or prices.

High-conflict Situations

Scenarios characterized by intense disagreement or confrontation, often requiring special strategies or approaches to manage and resolve effectively.

Ethnicity

A social category that groups people based on common cultural, ancestral, or national characteristics.