Question

For a project to be successful, what two things should an auditor evaluate first and why?

For a project to be successful, what two things should an auditor evaluate first and why?

Homework Answers

Answer #1

Solution:-

For a project to be successful, what two things should an auditor evaluate first and why:-

The first thing the auditor should look at is if the project management is going the way the project says and if not doing as it says the auditor should mention changes to follow the project. Another thing is that the auditor should make sure all costs arefollowing the allowed budget to ensure the project will be complete at or under budget to help keep the company’s costs down.

Please rate and comment below , happy learning!! ?

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Should we evaluate a production manager’s performance on the basis of operating expenses? Why? Explain with...
Should we evaluate a production manager’s performance on the basis of operating expenses? Why? Explain with more detail. Why? and Why not? What other things should you evaluate their performance by?
Who are the project sponsors, what do they need to do to ensure a successful project...
Who are the project sponsors, what do they need to do to ensure a successful project outcome and what does the project manager should do to manage them? Who is the project sponsor for your team project (can be assumed) and why?
What is IRR and why it may not be the best method to evaluate a project?
What is IRR and why it may not be the best method to evaluate a project?
Provide one or two examples for each of the following: (a) successful first movers; (b) successful...
Provide one or two examples for each of the following: (a) successful first movers; (b) successful early followers; and (c) successful late entrants. Which facts or historical events support you chosen examples? Provide one or two examples for each of the following: (a) failed first movers; (b) failed early followers; and (c) failed late entrants. Which facts or historical events support you chosen examples? Which differences between successful and failed firms caught your attention? Why?
Upon the successful completion of its first project – Masteri Thao Dien – Thao Dien Investment...
Upon the successful completion of its first project – Masteri Thao Dien – Thao Dien Investment (TDI) decides to launch the second phase of the project, which is financed by the company’s USD-denominated bond under the following terms:  Five years to maturity  Coupon rate 8% paid semi-annually  Par value 1,000  Yield to Maturity 10% a/ At what price is the bond selling for now? b/ Two years passes by. For bonds of the same credit rating...
What should you do if you are a successor auditor. What steps should you take.
What should you do if you are a successor auditor. What steps should you take.
You have the following information to evaluate a project and make a decision whether you should...
You have the following information to evaluate a project and make a decision whether you should accept the project: Purchase price = $120,000 (20 year life, straight-line depreciation, zero salvage value). Operating expenses will decrease from $30,000 to $20,000. Revenue will increase from $50,000 to $57,000. Marginal tax rate = 40% Risk-free rate = 2.5% Return on the market = 5.5% Beta = 1.5               Should you accept this project? Why?
As an internal auditor, you have been assigned to evaluate the controls and operation of a...
As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test transactions with regular data in a normal production run. What would be transactions in a payroll system? What is this audit technique called? Give at least one other concurrent audit technique and how it could be applied specifically to the cycle your group was assigned to develop for the...
what should you do if the member is not safe (>1)? Provide three things to do...
what should you do if the member is not safe (>1)? Provide three things to do and why what should i do to make a beam or a column safe ? For example increase or decrease the section because .... i need three things
Discuss an outsourcing project that was successful and one that was less successful/failed. Describe what factors...
Discuss an outsourcing project that was successful and one that was less successful/failed. Describe what factors made the engagement a success. What were the factors that led to the failure? What could have been different? Find an example (1 EACH) of a company who provides SaaS, IaaS, and PaaS. Explain what they provide.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT