A Material Weakness Occurs When It Is Reasonably Probable or Possible

question 83

True/False

A material weakness occurs when it is reasonably probable or possible that a material misstatement of an account balance or disclosure would not be prevented/detected by an internal control.

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Definitions:

Self-Reliance

Self-Reliance refers to the ability to depend on oneself to fulfill one's needs and handle one's affairs independently.

Nonviolent Resistance

A method of protest that seeks to achieve goals through symbolic protests, civil disobedience, and other methods, without using violence.

Different Kinds

Refers to a variety or range of types or categories within a group.

Entropy

In thermodynamics, a measure of the disorder or randomness in a system; in information theory, a measure of uncertainty or the information content.