According to the standards of the PCAOB, what is the general definition of a control deficiency? An internal control system that simply is not operating as intended. An internal control system that is not being monitored properly. A situation where an inherent limitation has been noted but no corrective action has been taken by the company or its officials A situation where the design or operation of an internal control does not allow employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis