TEST Definition

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TEST, in statistics, is taking a ample from a population to estimate characteristics of the population.

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BIG BATH is a business strategy in which a company manipulates its income statement to make poor results look even worse. Strategy being that the following year will show significant improvement. Big bath is sometimes employed by new CEOs to make their first years results more impressive by employing big bath accounting to prior year results.

DEFICIENCY is a shortcoming in an internal control or an opportunity to strengthen internal controls.

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