Which of the following is least likely to represent a material weakness in internal control for Flynt Corporation?

Which of the following is least likely to represent a material weakness in internal control for Flynt Corporation? 



A. Flynt Corporation's computer systems were not working properly for two days; consequently, employees needed to do all reconciliations manually.

B. Flynt Corporation's CFO was arrested last year for embezzling money from the entity.

C. For the current year, the auditor found a material misstatement in Flynt's sales recognition that was undetected by the internal controls.

D. Flynt's audit committee is deemed to be ineffective.


Answer: Flynt Corporation's computer systems were not working properly for two days; consequently, employees needed to do all reconciliations manually


Learn More :