Finance English
Analysis

Qu'est-ce que Défaillance Majeure ?

Défaillance Majeure 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 “Défaillance Majeure” Used in Practice?

L’auditeur a identifié une défaillance majeure dans les contrôles internes de la société, susceptible d’entraîner des erreurs importantes dans les états financiers.

Certification Exam Relevance

CFAACCAFRM

Who Needs to Know This Term?

  • Financial Analysts
  • Bankers
  • Traders

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Frequently Asked Questions

Qu'est-ce que Défaillance Majeure ?

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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