Question
The variances reported in the final budget-to-actual comparisons incorporated in the financial statement of many governments may be of no value in revealing the reliability
The variances reported in the final budget-to-actual comparisons incorporated in the financial statement of many governments may be of no value in revealing the reliability of budget estimates made at the start of the year.
Why? How can you rationalize this limitation of the budget-to-actual comparisons?
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
