A Postaudit Is

question 26

Multiple Choice

A postaudit is:

• A)An evaluation of the effectiveness of the budgeting committee.
• B)An analysis of the capital budgeting method used.
• C)An evaluation of a project's actual results versus its projected results.
• D)A review by outside auditors to assess efficiency.
• E)An analysis of risk changes over the life of an investment.

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Definitions:

Vehicle Operating Cost

The total expense associated with keeping a vehicle running, including fuel, maintenance, insurance, and depreciation.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular expense category in a specific period.

Catering Supplies

Items such as utensils, dishes, and food ingredients required for preparing and serving food in catering services.

Jobs

Individual units or batches of work that can be distinguished from each other in a manufacturing or service delivery process.