A Post-Completion Audit of Investment Projects Is Important Because

question 21

Multiple Choice

A post-completion audit of investment projects is important because:

• A)wasted expenditure may be avoided if internal control systems are in place.
• B)approval of an investment proposal is required before expenditure can take place.
• C)accountants need to understand the capital expenditure process when auditing it.
• D)it provides valuable information to enable implementation of improvements in the project's operating performance.

---

Definitions:

Promotional Allowance

Financial incentives provided to retailers or wholesalers by manufacturers to stock, display, or promote specific products.

Free Goods

Products or services offered without charge to the consumer, often used as a promotional strategy to increase engagement or loyalty.

Advertising Activities

Initiatives and efforts undertaken by a company to promote its products or services to a target audience.

Everyday Low Pricing

A pricing strategy where companies set a low price for their products on a consistent basis instead of relying on sales.