Key considerations when evaluating the severity

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Question 1. What are the key considerations when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement?

Question 2. Does the Assistant Controller's failure to adequately review the Vendor Change Form represent a deficiency in the design or operating effectiveness of the control? Get assignment help services from verified experts!

Question 3. Is the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting?

Question 4. Would the deficiency warrant disclosure in the Company's Form 10-K, Item 9A? If so, what information would the Company be expected to disclose?

Question 5. What implications does the deficiency have on other direct or indirect controls

Question 6. What are the ethical issues that need to be considered? (this question is in addition to the ones at the end of the case)

Reference no: EM133837939

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