Which of the following is an accurate statement about internal control weaknesses?
A. Material weaknesses are also control deficiencies.
B. Significant deficiencies are also material weaknesses.
C. Control deficiencies are also material weaknesses.
D. All control deficiencies must be communicated to the audit committee.
Answer:A
Which of the following is an accurate statement about internal control weaknesses?
A. Material weaknesses are also control deficiencies. B. Significant deficiencies are also material weaknesses. C. Control deficiencies are also material weaknesses. D. All control deficiencies must be communicated to the audit committee.