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Confidence accounting information


Confidence accounting is a method of accounting whereby some of the figures are expressed not as single point estimates, but rather as probability distributions. Under Confidence Accounting, the end results of audits would be presentations of distributions for major entries in the profit & loss, balance sheet and cashflow statements. The proposed benefits of Confidence Accounting include a fairer representation of financial results, reduced footnotes, more measurable audit quality and a mitigation of mark-to-market perturbations.

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Confidence accounting

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Confidence accounting is a method of accounting whereby some of the figures are expressed not as single point estimates, but rather as probability distributions...

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Confidence interval

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confidence interval (CI) is an interval which is expected to typically contain the parameter being estimated. More specifically, given a confidence level...

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Scam

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A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using a combination...

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Accounting scandals

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significant judgments and accounting estimates are involved. Turnover in accounting personnel or other deficiencies in accounting and information processes...

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Enron scandal

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a staff of executives that – by the use of accounting loopholes, the misuse of mark-to-market accounting, special purpose entities, and poor financial...

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Analytic confidence

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Analytic confidence is a rating employed by intelligence analysts to convey doubt to decision makers about a statement of estimative probability. The need...

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List of scams

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Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list...

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Confidentiality

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quality of confidence about it." Secondly, that information must have been imparted in circumstances importing an obligation of confidence. Thirdly, there...

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Consumer confidence

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Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their...

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March 2023 French votes of no confidence

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Two motions of no confidence in the minority government of Prime Minister Élisabeth Borne were tabled on 17 March 2023 in the French National Assembly...

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Account aggregation

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access details as well as the financial information is key to users having confidence in the service. The database either resides in a web-based application...

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Satyam scandal

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Convicted of Multi-Crore Accounting Fraud". NDTV.com. "SEC Charges India-Based Affiliates of PWC for Role in Satyam Accounting Fraud". Securities and Exchange...

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National accounts

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measures that rely on double-entry accounting. By design, such accounting makes the totals on both sides of an account equal even though they each measure...

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List of Everybody Loves Raymond characters

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his injuries, he briefly left the police force out of a lack of self-confidence, and nearly became a telemarketer. In a later episode, he took a side...

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Account executive

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account director. What Does an Account Executive Do? at learn.org "Advertising account executive job profile | Prospects.ac.uk". "List of Accounting Executive...

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Financial Reporting Council of Nigeria

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Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday...

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Employee Confidence Index

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of employee confidence. Glassdoor, a career community site, publishes a Quarterly Employment Confidence Survey which takes into account educational qualifications...

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Accounting and Auditing Organization for Islamic Financial Institutions

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AAOIFI are: To develop accounting and auditing thoughts relevant to Islamic financial institutions To disseminate accounting and auditing thoughts relevant...

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Accounting ethics

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paid by clients." —Robert H. Montgomery, describing ethics in accounting in 2009 Accounting ethics is primarily a field of applied ethics and is part of...

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Financial Reporting Council

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Practice Notes for accounting and narrative reporting work. Accounting standards apply to all companies, and other entities that prepare accounts that are intended...

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Confidence and prediction bands

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A confidence band is used in statistical analysis to represent the uncertainty in an estimate of a curve or function based on limited or noisy data. Similarly...

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Credible interval

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problems is the credible region. Credible intervals are a Bayesian analog to confidence intervals in frequentist statistics. The two concepts arise from different...

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