Benefits of the Post-Audit Include All of the Following Except

question 46

Multiple Choice

Benefits of the post-audit include all of the following except

• A) when decision makers are forced to compare their projections to actual outcomes,there is a tendency to improve.
• B) conscious or unconscious biases are removed.
• C) negative NPV projects are identified before they begin.
• D) forecasts are improved.
• E) all of the above are benefits of the post-audit.

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Definitions:

Ledger

A comprehensive collection of a company's accounts, including the financial transactions and balances, used to compile the financial statements.

Transactions

Financial events that affect the assets, liabilities, or equity of a company, including sales, purchases, loans, and payments.

Source Documents

Original records (such as invoices, receipts, contracts) that provide the evidence and details of business transactions.

Business

A commercial organization or enterprise that engages in professional, commercial, or industrial activities.