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:

Multinational Corporate Activity

Operations and investments made by companies that operate in multiple countries around the globe, often influencing economic and social policies.

ILO

The International Labour Organization, a UN agency that sets international labor standards and promotes rights at work, including encouraging decent employment opportunities and enhancing social protection.

Labor Standards

Regulations and norms that determine the minimal acceptable conditions for workers' rights, wages, hours, and working conditions.

Core Labor Standards

A set of principles related to workers' rights that are universally recognized and promoted, including prohibition of child labor, forced labor, discrimination, and the encouragement of collective bargaining.