Consider the Following Statements About Capital Budgeting Postaudits

Multiple Choice

Consider the following statements about capital budgeting postaudits:
I. Postaudits can be used to detect desirable projects that were rejected.
II. Postaudits can be used to detect undesirable projects that were accepted.
III. Postaudits may reveal shortcomings in cash-flow projections, providing insights that allow a company to improve future predictions.
Which of the above statements is (are) correct?

A) I only.
B) II only.
C) III only.
D) II and III.
E) I, II, and III.