Which situation is most likely to create data inconsistency over time?

A data entry operator types the wrong account balance into the system.

A backup of the database is taken daily at midnight.

A system upgrade changes the data format from YYYY-MM-DD to DD-MM-YYYY.

A customer changes their address in the CRM, but the billing system is not updated.

What is a business impact of inconsistent data across financial systems?

Reduced need for data governance because data is already aligned.

Difficulty in producing a single, reliable view of financial positions.

Improved data quality because multiple sources provide more data.

Easier reconciliation because differences are visible.

Which technique is commonly used to test data accuracy in financial systems?

Data profiling to understand data patterns and distributions.

Referential integrity checks to ensure foreign keys are valid.

Cross-system comparison to find differences in data values.

Reconciliation of data between source systems and target reports.

What is a potential business impact of inaccurate financial data?

Misstated financial reports leading to incorrect investment decisions.

Reduced need for data validation because the data is already correct.

Improved data quality due to more frequent updates.

Increased customer satisfaction due to personalized offers.

A financial services company is implementing a new data governance framework. The company has a complex environment with multiple legacy systems and a new cloud-based ERP. The data governance team needs to prioritize its initiatives. Which initiative should be prioritized FIRST to have the most significant impact on data accuracy and consistency?

Define a common data dictionary and data standards for critical financial data elements.

Conduct a data quality assessment on all systems to identify current issues.

Implement a data lineage tool to track data from source to report.

Migrate all legacy systems to the new cloud ERP to simplify the environment.

Certified Tester Finance Testing

Domain 4Objective 1

Data Accuracy and Data Consistency CT-FT Practice Questions (Page 7)

Part of the Data Testing and Data Management domain, which makes up ~14% of our current practice bank. ISTQB does not publish an official question count, but from its 60-minute exam (~25–40 total, ~4–6 in this domain), expect 1–2 from this objective — we provide 38 practice questions to prepare you well beyond it. (estimate)

38questions here

8free pages

11concepts

Questions 31–35

31foundation · easy
Which situation is most likely to create data inconsistency over time?
Select an answer first
32foundation · easy
What is a business impact of inconsistent data across financial systems?
Select an answer first
33foundation · easy
Which technique is commonly used to test data accuracy in financial systems?
Select an answer first
34foundation · easy
What is a potential business impact of inaccurate financial data?
Select an answer first
35expert · hard
A financial services company is implementing a new data governance framework. The company has a complex environment with multiple legacy systems and a new cloud-based ERP. The data governance team needs to prioritize its initiatives. Which initiative should be prioritized FIRST to have the most significant impact on data accuracy and consistency?
Select an answer first

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