A Deficiency That Implies That There Is a Reasonable Possibility

question 50

Multiple Choice

A deficiency that implies that there is a reasonable possibility of misstatement in the financial statements that is significant but not material is

• A) A material weakness.
• B) A significant deficiency.
• C) An insignificant deficiency.
• D) A probable deficiency.

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Definitions:

Internalized Oppression

The acceptance and incorporation by individuals of negative stereotypes and beliefs about their own group, often resulting in self-limitation or devaluation.

Disconnected

Describes a state of being emotionally or psychologically detached from others or from one's surroundings.

Relational Resilience

The ability to maintain positive relationships and emotional connections despite challenges or adversities.

Vulnerable

A state of being open to emotional, physical, or psychological harm or attack due to a lack of protection or support.