What Is the Test Data Technique

question 3

Short Answer

What is the test data technique?
A. It uses a set of input data to validate system integrity.
B. It requires auditors to prepare both valid and invalid data to examine critical logics and controls of the system
C. It is an automated technique that enables test data to be continually evaluated during the normal operation of a system
D. A and B are correct
E. None of the above is correct

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Definitions:

Lump Sum Payment

A single payment made for the entirety of an owed amount, instead of breaking it into multiple payments.

Economic Difference

The disparity in economic conditions, wealth, or resources between different groups or regions.

Compounded Monthly

The process where interest earned is added to the principal sum each month, which then earns further interest.

Inheritance

Assets or property received from someone who has passed away, often as dictated by a will or the laws of intestacy.