STRONG Definition

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STRONG, from a corporate perspective, usually means having or wielding force or authority within that entitys market segment or niche.

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AUDIT RISK is a combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling (sampling risk) and to other factors (non-sampling risk).

TEFRA is Tax Equity and Fiscal Responsibility Act of 1982.

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