A situation in which the design or operation of a control does not allow management or employees,in the normal course of performing their assigned functions,to prevent or detect material misstatements on a timely basis is referred to as a:
A)Control deficiency.
B)Material weakness.
C)Reportable condition.
D)Significant deficiency.

Question

Quizplus · Accepted Answer

A control deficiency occurs when the design or operation of a control does not allow management or employees to prevent or detect misstatements on a timely basis.

A Situation in Which the Design or Operation of a Control