After relying exclusively on overseas trade, Venice created a new land-owning aristocracy through this expansion.
The land-owning aristocracy of Venice came about after relying exclusively on trade.
8The AICPA's Generally Accepted Auditing Standards defines a reportable condition as a significant deficiency in the design or operation of internal control that could adversely affect the entity's ability to record, process, summarize, and report financial data consistent with management's assertions in the financial statements.