Answer:
True
Step-by-step explanation:
The post completion audit (PCA) is the collection of actual information relating to the actual outcome of a capital investment project on completion and comparing same side by side with the estimated numbers used for the project at inception. This will assist management in confirming the correctness or near correctness of the assumptions upon which the project estimates were based. The result of the post audit exercise will help in future projects.
formal process that checks the outcomes of individual investment projects after the initial investment is completed and the project is operational.1 PCA is one formal control system that is a part of the company’s total management control system for effective delivery of projects in future.
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