Which of the Following Testing Techniques Is More Commonly Used

question 16

Multiple Choice

Which of the following testing techniques is more commonly used by internal auditors than by independent auditors?

• A)Integrated test facilities.
• B)Test data.
• C)Controlled programs.
• D)Tagging and tracing transactions.

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Definitions:

Optional

Referring to a choice or discretion available in a process or decision, where participation or selection is not mandatory.

Receivable

An amount of money owed to a business by its customers or clients for goods or services provided on credit.

Hedging Instruments

Financial contracts used to offset potential losses or gains that may be incurred by an companion investment, effectively reducing risk.

Options

Financial derivatives that give the buyer the right, but not the obligation, to buy or sell an asset at a set price within a specific timeframe.