A material weakness in internal control is a deficiency,or a combination of deficiencies,in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Question

Quizplus · Accepted Answer

This statement accurately describes a material weakness in internal control over financial reporting.

A Material Weakness in Internal Control Is a Deficiency,or a Combination