Multiple Choice
You are performing the audit of internal control for Clifton Company. Which of the following would represent a material weakness in internal control?
A) The company's audit committee has experienced unusual turnover of members.
B) The company's CFO was indicted for embezzling from the company.
C) Bank reconciliations are done monthly.
D) The CEO was forced to resign due to an inappropriate relationship with an outside vendor.
Correct Answer:
Verified
Correct Answer:
Verified
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