control deficiencies

What Is An Example Of A Significant Deficiency?

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What Is An Example Of A Significant Deficiency? An example of a significant deficiency, as stated by the SEC, would be if a company’s accounting function reviews significant or unusual modifications to the sales contract terms but does not review changes in the standard shipping terms. What is considered a significant deficiency? A significant deficiency

What Is Significant Deficiency In Internal Controls?

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What Is Significant Deficiency In Internal Controls? A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of the company’s financial reporting. What is the definition of a significant