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A Significant Deficiency of Such Magnitude That Internal Control Components

Question 54

Multiple Choice

A significant deficiency of such magnitude that internal control components do not reduce the risk of detection or prevention of material misstatement to an acceptably low level is called a(an)


A) Material weakness and significant deficiency.
B) System design deficiency.
C) Unacceptable reportable condition.
D) Audit alert item.

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