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A material weakness is a significant error or irregularity found in a companyâs financial information or internal controls. Internal controls are the rules and guidelines instituted by companies to protect their accounting information from a material weakness.f a material weakness exists, auditors will note the weakness in their final report and discuss the issue with company management. This meeting can help companies correct material weaknesses and ensure that no future financial statements or information contain errors from the error.
Strength of Materials, also referred to as Mechanics of Materials, looks at the behavior of materials when forces are applied to them.These forces include different types of stresses upon and within the material in all different directions, and the strain that is experienced in the material due to those forces.trength of Materials, also referred to as Mechanics of Materials, looks at the behavior of materials when forces are applied to them.