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.

---

Definitions:

Phytochrome

A photoreceptor protein in plants that regulates growth, development, and flowering in response to light.

Photoperiodism

The physiological response (such as flowering) of plants to variations in the length of daylight and darkness.

Phytochrome

A light-detecting pigment found in plants that regulates various developmental processes by responding to red and far-red light.

Necrotic Lesions

Areas of dead tissue on an organism that result from disease, injury, or lack of blood supply.