SIGNIFICANT DEFICIENCY Definition

Bookmark and Share

SIGNIFICANT DEFICIENCY, in finance, is an internal control shortcoming in a highly important control area or an aggregation of such deficiencies that could result in a misstatement of the financial statements that is more than inconsequential.

Learn new Accounting Terms

SCA see SUSTAINABLE COMPETITIVE ADVANTAGE.

INCOMPETENCE is lack of physical or intellectual ability or qualifications.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.