The PCAOB has outlined a number of circumstances that are indicators of a material weakness. In addition, other control deficiencies may or may not be a material weakness depending upon details of the circumstances involved. Categorize the following on the answer sheet as a Strong indicator of a material weakness, an Other control deficiency or Neither of the two. PLACE AN X IN THE APPROPRIATE COLUMN-CHOOSE ONLY ONE RESPONSE FOR EACH CIRCUMSTANCE.

Circumstance	Strong indicator of a Material weakness in internal control	Other control deficiency*	Neither of Preceding 2 columns
a. Ineffective oversight of external reporting by the audit committee.
b. Restatement of previously issued financial statements to reflect the correction of a material misstatement.
c. Lack of effective antifraud programs.
d. Lack of effective controls over the period-end financial reporting process.
e. A deviation identified during tests of controls.
f. Identification of a material fraud on the part of senior management.
g. Identification by the auditors of a material misstatement in circumstances that indicate that the clients internal control would not have detected it.
h. A chief internal auditor who reports directly to the audit committee.
i. Identification of immaterial fraud on the part of senior management.
j. Ineffective oversight of internal control by the audit committee.