Sec. 806. DEFINITION OF MATERIAL WEAKNESS FOR CONTRACTOR BUSINESS SYSTEMS
169 words·~1 min read·
/statute-compilations/comps-16736/sec-806A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 806 DEFINITION OF MATERIAL WEAKNESS FOR CONTRACTOR BUSINESS SYSTEMS Section 893 of the Ike Skelton National Defense Authorization Act for Fiscal Year 2011 (Public Law 111-383; 10 U.S.C. 2302 note) is amended— ####
(1)by striking “significant deficiencies” both places it appears and inserting “material weaknesses”; ####
(2)by striking “significant deficiency” each place it appears and inserting “material weakness”; and ####
(3)by amending subsection (g)(4) to read as follows: > > #### “(4) > > The term ‘material weakness’ means a deficiency or combination of deficiencies in the internal control over information in contractor business systems, such that there is a reasonable possibility that a material misstatement of such information will not be prevented, or detected and corrected, on a timely basis. For purposes of this paragraph, a reasonable possibility exists when the likelihood of an event occurring— > > > ##### “(A) > > is probable; or > > > ##### “(B) > > is more than remote but less than likely.” > .
Connectionstraces to 1
Traces to 1 document
1 reference not yet in our index
- Pub. L. 111-383
Citation graph
cites case law
Sec. 806
DEFINITION OF MATERIAL WEAKNESS FOR CONTRACTOR BUSINESS SYSTEMS
Pub. L.Pub. L. 111-383
Cites 2Cited by 0 across 0 sources