Question
Which of the following is most likely to be considered a material weakness in internal control? a. Ineffective oversight of financial reporting by the audit
a. Ineffective oversight of financial reporting by the audit committee.
b. Restatement of previously issued financial statements due to a change in accounting principles.
c. Inadequate controls over nonroutine transactions.
d. Weaknesses in risk assessment.r
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
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