Question

3, Check my Select the necessary words from the list of possibilities to complete the following statements, Statements Answer Significant financial statement accounts are materially affected, either directly through entries in the general ledger, 1. or indirectly through the creation of rights or obligations that may or may not be recorded in the general ledger by The control framework ordinarily used in an intermal control audit is Internal ControlIntegrated Framework, created 2. by the of the Treadway Commission. yet important enough to merit A significant deficiency is a control deficiency that is less severe than a attentions by those responsible for oversight of the company's financial reporting. 4. Ineffective audit committee oversight of management is regarded as at least a 5. Maintaining effective internal control is the responsibility of the < Prev 2 of 4 Next > a cearch

Answer 1

Ans 1

Major classes of transactions

Reason:-

They have massive impact on financial statements.

Ans 2

Committee of sponsoring organizations (COSO)

Ans 3

Material weakness

Note:-

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