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Analysis

重大缺陷

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.

Quick answer: 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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Quick answer

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.

Why it matters

重大缺陷 matters because it supports clear communication in Analysis contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is 重大缺陷?

In this glossary, 重大缺陷 refers to: 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.

How is 重大缺陷 used in finance?

In finance communication, this term appears in contexts such as: "审计师发现公司内部控制存在重大缺陷，可能导致财务报表出现重大错报。"

Why does 重大缺陷 matter in finance?

重大缺陷 matters because it supports clear communication in Analysis contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses 重大缺陷?

重大缺陷 is mainly used by Financial Analysts, Bankers, and Traders.

What category does 重大缺陷 belong to?

In this glossary, 重大缺陷 is grouped under Analysis. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

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.

Operational example

The auditor identified a material weakness in the company’s internal controls that could result in material misstatements of the financial statements.

Localized term

重大缺陷

Localized example

审计师发现公司内部控制存在重大缺陷，可能导致财务报表出现重大错报。

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Analysis

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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