Data Cleansing Is a Step Performed by External Auditors to Identify

question 58

True/False

Data cleansing is a step performed by external auditors to identify and repairing invalid data prior to the audit.

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Definitions:

Consumer Income

Consumer income is the total earnings of an individual from all sources, influencing their spending and saving behaviors.

Jewelry

Decorative items worn for personal adornment, such as rings, necklaces, earrings, and bracelets, often made from precious metals and stones.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' incomes.

Monthly Income

The total amount of income or earnings received by an individual or household in one month, including wages, salaries, benefits, and other sources.