Purpose – The purpose of this paper is to investigate how accountants interpret verbal uncertainty expressions with a focus on numeric-to-verbal translation. Design/methodology/approach – Accounting for loss contingencies (SFAS 5) were chosen as a setting to study this research question. The...

The seller's risk - - the probability of a set of samples exceeding an agreed upon aflatoxin level when the lot mean does not - - and the buyer's risk - - the probability of a lot exceeding this level when a set of samples do not - - have been computed using a parametrized experimental aflatoxin...