A Significant Deficiency

Multiple Choice

A significant deficiency:

A) Differs from a material weakness in that it involves internal control over operations rather than internal control over financial reporting.
B) Involves an amount of discovered misstatements greater than the amount used as the planning measure of materiality.
C) Is identical to a material weakness except that it need not be communicated to those responsible for oversight of the company's financial reporting.
D) Is less severe than a material weakness.