Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Performing a post-audit is important because managers will be more likely to submit reasonable data when they make investment proposals if they know their estimates

image text in transcribed
Performing a post-audit is important because managers will be more likely to submit reasonable data when they make investment proposals if they know their estimates will be compared to actual results. it provides a formal mechanism by which the company can determine whether existing projects should be terminated. it improves the developmentoff future investment proposals because managers improve their estimation techniques by evaluating their past successes and failures. all of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting The Theoretical And Regulatory Framework

Authors: D A V I D Alexander

2nd Edition

0412357909, 978-0412357909

More Books

Students also viewed these Accounting questions

Question

What are some of the possible scenes from our future?

Answered: 1 week ago