A Significant Deficiency

question 91

Multiple Choice

A significant deficiency:

• A)Differs from a material weakness in that it involves internal control over operations rather than internal control over financial reporting.
• B)Involves an amount of discovered misstatements greater than the amount used as the planning measure of materiality.
• C)Is identical to a material weakness except that it need not be communicated to those responsible for oversight of the company's financial reporting.
• D)Is less severe than a material weakness.

---

Definitions:

Intercostal Space

The anatomical area between two ribs, which contains muscles and nerves, playing a critical role in the mechanics of breathing.

Subcutaneous Emphysema

The presence of air or gas in the subcutaneous layer of the skin, often as a result of injury or surgery, causing swelling and a crackling sensation.

Serous Drainage

Clear, watery fluid that sometimes drains from wounds and is a normal part of the healing process.

Ventricular Fibrillation

A life-threatening heart rhythm that results in a rapid, erratic beat, leading to poor blood circulation.