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Accounting > Reportable Condition
The following information is about Reportable Condition.
Reportable Condition Defined
is a matter coming to the auditor’s attention relating to SIGNIFICANT DEFICIENCIES in the design or operation of the entity's internal control that could ADVERSLY AFFECT an entity’s ability to fulfill future obligations with customers and/or the satisfaction of liabilities.
This definition is in context to Accounting. See more contextual defintions for Reportable Condition.
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