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Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250
Textbook Problem

What is a post-audit, why do firms use them, and what problems can arise when they used?

Summary Introduction

To discuss: The meaning of post-audit and reason why firm use it.

Introduction:

The planning process that is utilized to find the long-term investments of the firm such as a new plant, machinery, replacement of machinery, and research and development worth’s the funding from the firm’s capital is termed as capital budgeting.

Explanation

The meaning of post-audit and reason why firm use it are as follows:

Post-audit is the final phase of the capital budgeting process. It comprise of comparing the actual results with those predicted by the sponsor of the project (expected results)...

Summary Introduction

To discuss: The problems that arise when a firm use post-audit.

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Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)