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Author Question: When one material weakness is present at the end of the year, management of a public company must ... (Read 48 times)

ahunt13

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Question 1

When management is evaluating the design of internal control, management evaluates whether the control can do which of the following?

Detect material misstatementsCorrect material misstatements
YesYes


Detect material misstatementsCorrect material misstatements
NoNo


Detect material misstatementsCorrect material misstatements
YesNo


Detect material misstatementsCorrect material misstatements
NoYes


Question 2

When one material weakness is present at the end of the year, management of a public company must conclude that internal control over financial reporting is
◦ insufficient.
◦ inadequate.
◦ ineffective.
◦ inefficient.


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Marked as best answer by ahunt13 on Aug 21, 2022

Khareemom14

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ahunt13

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Reply 2 on: Aug 21, 2022
Gracias!


samiel-sayed

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Reply 3 on: Yesterday
Excellent

 

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