Was ist Wesentliche Schwäche?
Wesentliche Schwäche A deficiency or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement will not be prevented or detected, as defined by PCAOB and SEC.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Wesentliche Schwäche” Used in Practice?
Der Abschlussprüfer stellte eine wesentliche Schwäche im internen Kontrollsystem fest, die zu wesentlichen Fehlern in den Abschlüssen führen könnte.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Was ist Wesentliche Schwäche?
A deficiency or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement will not be prevented or detected, as defined by PCAOB and SEC.
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