Melonie 
Auditing evidence is the information used by auditors in order to arrive at conclusions on which to base their opinions. This evidence is gathered during the audit process and used to support the auditor’s opinion on the financial statements. The types of evidence used by auditors include: 1. Physical evidence – this is tangible evidence … Read more
The term “Exposure Rating Definition” refers to the definition of what is considered to be an exposure for the purposes of calculating an insurance premium. An exposure is typically defined as a unit of measure, such as $1,000 of property value or $100,000 of liability coverage. The exposure rating definition may also include other factors, … Read more
Empirical Rule: Definition, Formula, Example The empirical rule is a statistical rule that states that for a normal distribution, the mean, median, and mode will all fall within one standard deviation of each other. Additionally, 68% of the data will fall within one standard deviation of the mean, 95% of the data will fall within … Read more
