All of the following are significant deficiencies except:
A) Absence of appropriate reviews of transactions.
B) Evidence of willful wrongdoing by lower-level employees.
C) Inadequate provisions for safeguarding assets.
D) Inventory is highly subject to obsolescence.

Question

Quizplus · Accepted Answer

The other options (A, B, and C) all represent significant deficiencies in an organization's internal control system. Option D refers to a problem with inventory management, which is a common issue but not necessarily a significant deficiency in internal control.

All of the Following Are Significant Deficiencies Except