Which of the Following Is Most Likely to Be Considered

question 19

Multiple Choice

Which of the following is most likely to be considered a material weakness in internal control?

• A) An ineffective control environment.
• B) Restatement of previously issued financial statements due to a change in accounting principles.
• C) Inadequate controls over non-systematic transactions.
• D) Weaknesses in risk assessment.

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Definitions:

Control Over Work

The extent to which employees have the power to make decisions about their work processes, schedules, and environment.

Gainsharing

A performance-based compensation strategy that rewards employees for contributing to improved productivity or cost savings within their team or organization.

Employee Share Ownership Plans

Programs that enable employees to become partial owners of the company they work for by purchasing or receiving shares.

Contrast

The state of being strikingly different from something else, typically something in close association.