Chapter 13, Problem 5Q

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.

Summary Introduction

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