Internal Controls Over Financial Reporting Will Not Be Considered Effective

question 29

Multiple Choice

Internal controls over financial reporting will not be considered effective if

• A)the internal controls are considered non effective
• B)one or more material weaknesses exist in the company
• C)there is a significant deficiency in the company's internal control
• D)there are numerous control deficiencies in internal control

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Definitions:

Unexcused Absence

A situation where an employee or student does not attend their scheduled work or class and fails to provide a valid excuse.

Disciplinary Action

Measures taken by an organization to address an employee's breach of policy or misconduct.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, typically on a regular basis.

Follow-Up Service

After-sales services provided to customers, including support, maintenance, and addressing any issues or concerns that arise after the purchase of a product or service.