A Significant Deficiency Is

question 17

Multiple Choice

A significant deficiency is:

• A)a control deficiency or a combination of control deficiencies that adversely affects the company's ability to initiate,authorize,record,process,or report internal financial data reliably in accordance with an applicable financial reporting framework
• B)a control deficiency or a combination of control deficiencies that adversely affects the company's ability to initiate,authorize,record,process,or report external financial data reliably in accordance with an applicable financial reporting framework
• C)a control deficiency or combination of control deficiencies that result in more than a remote likelihood that a material misstatement in the financial statements would not be prevented or detected
• D)a control deficiency or combination of control deficiencies that results in a remote likelihood that a material misstatement in the financial statements would not be prevented or detected

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Definitions:

Centromere

The region on a chromosome where two sister chromatids are joined and where the spindle fibers attach during cell division.

Animal Zygote

The initial cell formed when two gamete cells (egg and sperm) are joined by means of sexual reproduction, marking the beginning of a new organism's development.

Haploid Cell

A cell that contains a single set of chromosomes, half the diploid number, typical of gametes.

Gametes

Reproductive cells that unite during sexual reproduction to form a new organism.