Word of the Day – August 1, 2026
material weakness
Definitions
| Type | Definition | Sources |
|---|---|---|
| Noun | A significant deficiency or combination of significant deficiencies in internal controls that do not reduce to a relatively low level the risk for occurrence or detection within a timely period of losses, noncompliance, or misstatements in amounts that would be significant in relation to the principal statements or to a performance measure or aggregation of related performance measures. (used 80 times in citations and controls) |
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Other Forms
| Type | Other Form |
|---|---|
| Plural | material weaknesses |
| Plural Possessive | material weaknesses' |
| Possessive | material weakness's |
Relationships
Common Controls
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| ID | Control |
|---|---|
| {{ control.id }} | {{ control.name }} |
| None | |
Citations
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| AD ID | Authority Document | CT ID | Reference | Guidance | CC ID |
|---|---|---|---|---|---|
| {{ citation.authority_document.id }} | {{ citation.authority_document.common_name }} | {{ citation.id }} | {{ citation.reference }} | {{ citation.guidance_as_tagged || citation.guidance }} | {{ citation.control.id }} None |
| None | |||||