AUDITING LL W/ CONNECT <C>
AUDITING LL W/ CONNECT <C>
11th Edition
ISBN: 9781307416268
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 7, Problem 7.11RQ
To determine

Concept Introduction:

A material weakness arises when an internal control over financial reporting is found to be weak.

Material misstatement arises from material weakness in internal control.

To discuss: Indicators of material weaknesses in internal control over financial reporting are given below:

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