A material weakness in internal control means:

A A minor deficiency

B A reasonable possibility that a material misstatement will not be prevented or detected timely

C Controls are perfect

D Controls need minor improvement

✓ Correct Answer: Option B

Material weakness: a deficiency (or combination) where a reasonable possibility exists that material misstatements wont be caught in time.

💡 Why is B) the correct answer?

The correct answer to the question "A material weakness in internal control means:" is Option B: A reasonable possibility that a material misstatement will not be prevented or detected timely.

The other options — A) A minor deficiency, C) Controls are perfect, D) Controls need minor improvement — are incorrect for this CPA Exam Prep question. As explained above: Material weakness: a deficiency (or combination) where a reasonable possibility exists that material misstatements wont be caught in time.

📚 About This CPA Exam Prep Practice Question

This 2-level CPA Exam Prep question from the Auditing & Attestation (AUD) topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CPA Exam Prep practice test or use flashcards for spaced repetition review.

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A material weakness in internal control means:

✓ Correct Answer: Option B

📚 About This CPA Exam Prep Practice Question

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