Search results
Results From The WOW.Com Content Network
This level of assurance is required because a material weakness must be disclosed if there is a "reasonably possible" or "probable" possibility of a material misstatement of a significant account. Even though multiple controls may bear on the risk, only those that address it as defined above are included in the assessment.
Entity-level controls have a pervasive influence throughout an organization. If they are weak, inadequate, or nonexistent, they can produce material weaknesses relating to an audit of internal control and material misstatements in the financial statements of the company.
Required Communication of Material Weaknesses in Internal Accounting Control full-text: August 1977 21: Segment Information full-text: December 1977 22: Planning and Supervision full-text: March 1978 23: Analytical Review Procedures full-text: October 1978 24: Review of Interim Financial Information full-text: March 1979 25
Barclays said on Monday it had identified a single "material weakness" in its internal control processes, as it refiled its accounts with U.S. regulators after a blunder led it to issue more ...
Barclays said on Monday it had identified a single "material weakness" in its internal control processes, as it refiled its accounts with U.S. regulators after a blunder led it to issue more ...
NYCB announced it had increased its allowance for credit losses up to $992 million in the fourth quarter, from $619 million at Sept. 30, to “address weakness in the office sector [and] potential ...
The causes of nonconformities are not unlimited and therefore determinable. Common causes for deficiencies to arise include: [1] poor communication (or miscommunication) poor documentation (or lack of documentation) poor or limited training of personnel; poor motivation of personnel; poor quality materials (or lack of appropriate materials)
Collapsed barn at Hörsne, Gotland, Sweden Building collapse due to snow weight. Structural integrity and failure is an aspect of engineering that deals with the ability of a structure to support a designed structural load (weight, force, etc.) without breaking and includes the study of past structural failures in order to prevent failures in future designs.