A Material Weakness in Internal Control Over Financial Reporting (ICFR)

Multiple Choice

A material weakness in internal control over financial reporting (ICFR) is defined as _______.

A) a deficiency, or a combination of deficiencies, in internal control over financial reporting
B) a single deficiency in internal control over financial reporting
C) multiple deficiencies in internal control over financial reporting
D) any account balance that the auditor has concluded is incorrect by more than a predetermined percentage