One of the Important Results of the Large Number of Companies

question 37

Multiple Choice

One of the important results of the large number of companies now using post-completion audits is that

• A) It is easier to discover fraudulent behaviour
• B) Cost overruns on projects have been virtually eliminated
• C) There is early detection of projects going wrong
• D) A higher overall cash flow is being achieved
• E) More realistic investment proposals are being submitted

---

Definitions:

Statistical Evidence

Data or information collected and analyzed to support or refute a hypothesis, often derived from statistical tests.

Alternative Hypothesis

A statement that contradicts the null hypothesis and is tested to determine if there is significant evidence to support it.

Test Statistic

A value calculated from sample data used to make a decision on whether to reject the null hypothesis.

Null Hypothesis

A default hypothesis that there is no significant effect or difference, usually tested against an alternative hypothesis in statistical analysis.