A Deficiency Uncovered in the Audit of Internal Control Is

question 41

Multiple Choice

A deficiency uncovered in the audit of internal control is explained by which of the following in relation to a financial statement misstatement?

• A)The amount of the misstatement
• B)The likelihood of the misstatement
• C)The amount, likelihood, and classification of the misstatement
• D)The amount and the classification of the misstatement

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Definitions:

Biopsy

A medical test involving the extraction of sample cells or tissues for examination to determine the presence or extent of a disease.

Autopsy

A post-mortem examination of a body to determine the cause of death or study the effects of diseases.

Histology

The study of the microscopic structure of tissues and organs.

Postmortem Exam

An examination of a body after death to determine the cause of death or the character and extent of changes produced by disease, commonly referred to as an autopsy.