Three Key Groups Associated with Companies Are Directors, Shareholders and Auditors

question 20

Essay

Three key groups associated with companies are directors, shareholders and auditors. a. Explain the relationship between these three groups.
B. Define a reporting entity and a disclosing entity.

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Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, showing how the statistic varies from sample to sample.

Populations

Populations in statistical analysis refer to entire groups of individuals, events, or items which share at least one common characteristic.

Standard Error

Refers to the standard deviation of the distribution of sample means around the population mean.

Sample Means

The average values calculated from samples, used as estimates of the population mean.