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What is the difference between a significant deficiency and a material weakness as it relates to internal Control?

How does the presence of one material deficiency affect the auditor's report on internal controls under the PCAOB standards?

Likewise how does a material weakness impact the auditor's report on internal controls under the PCAOB standards?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92076166
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