A Control Deficiency That Is Less Severe Than a Material

question 1

Multiple Choice

A control deficiency that is less severe than a material weakness,but important enough to merit attention by those responsible for oversight of the company's financial reporting is referred to as a(n) :

• A)Control deficiency.
• B)Inherent limitation.
• C)Reportable deficiency.
• D)Significant deficiency.

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Definitions:

Troubling Ideas

Thoughts or concepts that cause distress, anxiety, or discomfort, often challenging an individual’s beliefs or perceptions.

Realize

To become fully aware of (something) as a fact; to understand clearly.

Peers

Individuals who are of similar age, status, or group, often playing significant roles in socialization and influence.

Attributional Styles

Tendencies of individuals to attribute causes to their successes and failures in a particular way that can affect their motivation and emotional state.