CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

The post-audit process is intended to ______

I. compare actual results to forecasts.
II. explain why actual results differ from forecasts.
III. improve subsequent forecasts.
Correct Answer: I, II and III

The capital budgeting post-audit process involves (1) comparison of actual results to forecast results, and (2) explanation of why the two differ. The purpose of the post-audit process is improving the accuracy of capital budgeting forecasts by adopting improved forecasting methods.

User Contributed Comments 4

User Comment
davidkhang Tricky... tricky...
Inaganti6 If this is tricky wait till you get to the ethics section.
guest 1. definition
2. definition
3. benefit
MathLoser You call this tricky?
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