| 单词 | MATERIAL WEAKNESS |
| 释义 | If the internal checks and balances put in place by a firm are inadequate in discovering errors and preventing them from occurring again, failures that could occur could potentially lead to a misrepresentation of data. In accounting practices, this is an ineffective system. The services of other management officials may be needed to properly resolve the problem. A company runs the risk of damaging its future data regarding earnings and expenses if a material weakness is not properly addressed. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。