Finding the deficiency in internal control, Auditing

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Finding the deficiency in internal control

Response to the following problem:

Distinguish a significant deficiency in internal control from a material weakness in internal control. How will the presence of one significant deficiency affect an auditor's report on internal control under PCAOB standards? How will the presence of one material weakness affect an auditor's report on internal control under PCAOB standards?

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Auditing: Finding the deficiency in internal control

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