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IMANET Exam CMA Topic 1 Question 13 Discussion

Actual exam question for IMANET's Certified Management Accountant exam
Question #: 13
Topic #: 1
[All Certified Management Accountant Questions]

Post-investment audits?

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Suggested Answer: B

Post-investment audits should be conducted to serve as a control mechanism and to deter managers from proposing unprofitable investments. Actual-to-expected cash flow comparisons should be made, and unfavorable variances should be explained. Individuals who supplied unrealistic estimates should have to explain Differences.


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