A post-audit of an investment project should be performed:
1.) on all projects that management feels might be financial failures.
2.) on randomly selected projects.
3.) only on projects that enjoy tremendous success.
4.) on all significant capital expenditure projects.
Post-Audit:Following up on a project that has been approved to see if expected resultsare being realized.
Post audits help keep managers committed to their investment projects, as any under orover statements are highlighted in the audit.
Post audits also help managers expand on successful investments and cut losses onfloundering investments.
The same method used to evaluate the project when deciding on whether or not toimplement it should be used for comparison, however actual figures should be usedinstead of estimates.
post audits can be time consuming and incremental costs and benefits can be difficult totrace to specific projects.
Post audits should be conducted by an individual or team unrelated to implementing
A post-audit of an investment project should be performed
Ans :4)on all significant capital expenditure projects
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