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deficiency and significant deficiency, how auditor approach it differently?

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deficiency and significant deficiency, how auditor approach it differently?

deficiency and significant deficiency, how auditor approach it differently?

May 28th 2014 AN ACCA USER 1,180 Points 1 Flag

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A deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention ****by those responsible for oversight**** of the registrant’s financial reporting. Adopted from page 10 SEC Article linked below
Check Page 4 discussion part in the link Definition of the term Significant Deficiencies
Go through page 4 and 5.
I hope this will help you.

May 31st 2014 AN ACCA USER 8,730 Points
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