Thank you.
This was an audit that looked at the process up to this point in time. The decision was made on the basis that enough of the process had happened that an audit was able to be done. This was an important type of purchase, a significant amount of money, and therefore, the decision was made to do an audit at this point in time.
Certainly, in audit practices, there are audits that are done after the fact. There are also audits done during the process. In fact, there are some audits, referred to as “real-time audits”, that go along as something is occurring.
Because of the size and the importance of this particular purchase, it was decided that this was the appropriate time to do an audit.