Do compensating controls exist and operate effectively at a level of precision

Do compensating controls exist and operate

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Do compensating controls exist and operate effectively at a level of precision sufficient to prevent or detect a misstatement that could be material to interim or annual financial statements? YES Deficiency NO Would a well-informed, competent and objective individual (i.e., prudent official) conclude the deficiency is a material weakness ? YES
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  • Fall '09
  • Auditor's report, Auditing Internal Control

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