CIPS Exam A8 Topic 1 Question 24 Discussion

Actual exam question for CIPS's A8 exam

Question #: 24
Topic #: 1

Which of the following best describes open book cost auditing?

ARequesting financial reports of a suppliers expenditure on and performance of a contract

BRegular progress meetings during the running time of a contract to discuss finances and contract performance with the supplier

CAnalysing the suppliers balance sheet and profit and loss account to gain knowledge of its finances

DThe supplier providing a detailed breakdown of the time, materials and other resources spent on completing a contract.

Show Suggested Answer

Suggested Answer: D

by Raylene at May 08, 2022, 11:12 PM

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