Significant deficiency definition
Examples of Significant deficiency in a sentence
Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.
Significant deficiency, in the case of a contractor business system, means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.
Significant deficiency – A deficiency, or a combination of deficiencies, in internal control over financial reporting, which is less severe than a material weakness yet important enough to merit attention by those responsible for oversight of the company’s financial reporting.