Examlex
Processing data through the use of simulated files provides an auditor with information about the operating effectiveness of controls. One of the techniques involved in this approach makes use of:
Discounted Payback Period
The time required to recover the cost of an investment while considering the time value of money.
Initial Investment
The amount of money used to start an investment project or venture.
Mutually Exclusive
A situation where the occurrence of one event means the other cannot occur at the same time.
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