Postaudits are an important part of capital budgeting.
Required:
A. What is a postaudit of a capital investment project?
B. What are the benefits of a postaudit?
C. A manager prepared an unsuccessful proposal for a capital project, as her firm decided not to fund and pursue the project. The manager observed, "The company's postaudit process will show that this project should have been funded." Comment on the manager's understanding of the postaudit process.

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The Answer of Postaudits are an important part of capital budgeting.
Required:
A. What is a postaudit of a capital investment project?
B. What are the benefits of a postaudit?
C. A manager prepared an unsuccessful proposal for a capital project, as her firm decided not to fund and pursue the project. The manager observed, "The company's postaudit process will show that this project should have been funded." Comment on the manager's understanding of the postaudit process.

Postaudits Are an Important Part of Capital Budgeting