[Peterman25]

NINJA Question –

Is the response to question number 2 in this SIM supposed to be blank in the answer section? Is ‘blank’ the actual correct answer? Thanks.

BEC 7/14 - PASS
FAR 10/14 - PASS
AUD 1/15 - PASS
REG 4/15 - PASS

AZ license - Official 8/20/2015

[jackaroe]

The answer should read “Determine if the control deficiency is a material weakness by obtaining further evidence”.

You'll get points for that answer – if you enter it.

My human response – Since the problem states that “the design of the controls does not include control procedures to prevent misstatements and the potential omission of cash receipts” – that would be more serious than a ‘significant' problem.

[Author]

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