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  3. Study Set
    Auditing and Assurance Services Study Set 1
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    Exam 10: Internal Control, Control Risk, and Section 404 Audits
  5. Question
    Define the Following Terms: Control Deficiency, Significant Deficiency, and Material
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Define the Following Terms: Control Deficiency, Significant Deficiency, and Material

Question 101

Question 101

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Define the following terms: control deficiency, significant deficiency, and material weakness.

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•A control deficiency exists if the desig...

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