What differentiates process-based validation from outcome testing? (A) Systematic review steps assess control effectiveness (B) Final results alone matter (C) Process review wastes time (D) Outcomes tell complete story

Test data, an integrated test facility, and parallel simulation are compared and contrasted. Determine the processes, benefits, and drawbacks?

Describe the relationship between Simulation analysis, Scenario analysis and Sensitivity analysis – how are they alike and how are they different

How is Parallel Simulation utilized during an audit?

(Audit) When we are looking for completeness how do we match them up?

What methods are used in practice to determine the extentof progress toward completion? Identify some “inputmeasures” and some “output measures” that might beused to determine the extent of progress.

At which step or steps in the decision-making process do qualitative considerations generally have the greatest impact?a. Specifying the criterion and identifying the alternatives. b. Developing a decision model. c. Collecting the data. d. Making a decision. e. Identifying the alternatives

Q. Discuss how to choose the appropriate benchmark for performance evaluation.

The audit team is currently debating whether they should be using static or dynamic reports. Which phase are they most likely in? a. Perform the Analysis b. Master the Data c. Share the story d. Ask the Question

How is audit strategy mapped out?