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The FDIC Improvement Act requires that management of large financial institutions engage auditors to attest to assertions by management about the effectiveness of the institution's internal controls over:
Margin of Error
An expression of the amount of random sampling error in a survey’s results.
Test Statistic
A calculated value used in statistical testing to determine if the null hypothesis can be rejected.
Distribution
A mathematical description of observed or theoretical frequencies of occurrence of different possible outcomes in a dataset.
Sampling Distribution
The probability distribution of a given random-sample-based statistic, used to make inferences about a population.
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