Post audit definition
/What is a Post Audit?
Post audit refers to an analysis of the outcome of a capital budgeting investment. This analysis is conducted to see if the assumptions incorporated into the original capital proposal turned out to be accurate, and whether the project outcome was as expected. The results of this audit are then incorporated into future capital budgeting decisions, thereby improving the decision-making process. A post audit may also be used to see if any managers who submitted budget proposals might have deliberately inflated the benefits to be derived from their proposals.