Which of the Following Factors in Assessing Severity of Internal

question 14

Multiple Choice

Which of the following factors in assessing severity of internal control deficiencies indicates that a deficiency that may have been considered a material weakness at an interim date would not be considered a material weakness at the year end?

• A)Remediation of a control deficiency.
• B)Existence of compensating controls.
• C)Complexity and subjectivity of the account balance.
• D)Effectiveness of oversight and governance.

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Definitions:

Cultural Beliefs

The principles and standards shared by a group of people, passed from generation to generation, influencing behaviors and perceptions.

After Death

The period or state following the cessation of life in an organism.

Complicated Grief

A prolonged and intense form of grief characterized by significant difficulty in accepting the loss and moving on with life.

Significant Distress

A considerable level of physical or emotional pain, discomfort, or suffering.