Post Completion Auditing of Capital Budgeting Decision
The Present Chapter
It discusses why and how of post completing auditing of capital investment decisions.
Introduction
Post completion audit aims to evaluate the efficiency and effectiveness of the capital budgeting decision that the management has implemented. Post completion auditing (PCA) of capital investments is a formal process that checks the outcomes of individual investment projects after the initial investment is completed and the project is operational.1 PCA is one formal control system that is a part of the company’s total management control system for effective delivery of projects in future.
Features of PCA
Following are the characteristics of PCA:
1. It is ...
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