In Order to Prevent Accountants from Being Put into Conflicts

question 76

Short Answer

In order to prevent accountants from being put into conflicts, the _____ publishes professional rules.

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Definitions:

Posterior Probabilities

The probabilities assigned to statistical outcomes after taking into consideration prior probability distribution and current evidence.

Prior Probabilities

The probabilities of different possible outcomes or hypotheses as assessed before any relevant evidence is taken into account.

Likelihood Probabilities

The probabilities of different outcomes estimated using a statistical model based on observed data.

Expected Value

A statistical concept that represents the average outcome of a random variable after many repetitions of an experiment.