Q:

Describe what is meant when management remediates a material weakness. If a material weakness is remediated and sufficiently tested before the \"as of\" date, what can management assert about ICFR?

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Remediation is when an entity determines that it has a material weakness, it should take steps to correct it. If there is sufficient time to remediate the material weakness and the testing shows that the new control is operating effectively, management and the auditor can issue a report that ICFR is operating effectively.

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