Which of the Following Is a Significant Difference Between the Test

question 38

Multiple Choice

Which of the following is a significant difference between the test data (test deck) approach and an integrated test facility (ITF) ?

• A)ITFs are processed on a live run basis while test data (test deck) can only be processed on a 'test run' basis.
• B)Test data (test deck) techniques test general controls while ITF techniques test application controls.
• C)ITF techniques test programmed application controls while test data (test deck) techniques test both programmed and non-programmed application controls.
• D)The auditor establishes a dummy entity on the client's system for the ITF approach while a dummy entity is not required for the test data (test deck) approach.

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Definitions:

Six Months

A half-year period, often used in financial contexts to define loan durations, investment terms, or interest calculations.

Compounded Monthly

The process of calculating interest on an investment or loan on a monthly basis, with each month's interest added to the principal.

Car Buyer

An individual or entity that purchases a vehicle.

Total Amount of Interest

The cumulative sum of interest payments over the life of a loan or financial product.