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Cost estimation, forecasting and auditing correlations

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The importance of auditing often goes undervalued in many of today's struggling organizations. The appropriate amount of energy has not been applied in checking for accuracy. This causes a miscalculation in the forecasting, leading to poor results. Often times, people are given too much credit for completing the work correctly, therefore there exists a strong need for the auditing process. Do you think that it is possible to analyze the correlation between time spent auditing and achieving better results?

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Solution Summary

This solution explains if it is possible to analyze the correlation between time spent auditing and achieving better audit results.

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We could definitely analyze the correlation between auditing and the achievement of better results. There really wouldn't be a situation where we couldn't measure the basic results of relationships that have two or more variables. Although ...

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