What Term Is Used to Refer to the Probability That

question 60

Multiple Choice

What term is used to refer to the probability that an accounting error or irregularity is detected and reported?

• A) Accounting risk
• B) Audit risk
• C) Audit quality
• D) Transaction risk

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Definitions:

Proposed

Suggested or put forward for consideration, often as a plan or idea.

Mnemonic

A tool or strategy used to improve memory, often by associating complex information with simple, memorable cues.

Sound Intensity

A measure of the power per unit area of sound waves, typically described in terms of decibels.

Decibels

A unit of measurement used to express the intensity of sound, with each ten-decibel increase representing a tenfold increase in sound intensity.