What Term Is Used to Refer to the Probability That

question 1

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:

Fossil Record

The history of life on Earth as represented by fossils, the preserved remains or traces of organisms.

Behavior

The actions or reactions of an organism, often in response to its environment, which can be innate or learned.

Turtles

Reptiles with a bony or cartilaginous shell developed from their ribs that acts as a shield.

Ichthyosaurs

Extinct marine reptiles that resembled dolphins and lived during the time of the dinosaurs, known for their large eyes and streamlined bodies.