What is post completion audit in the process of capital budgeting?

3 years ago
Financial Management

Post completion audit is a feedback device. It is a means for comparing the actual performance with the anticipated/planned performance. It should be undertaken once the plant overcomes initial teething problems and stabilizes in operations. Such an audit gives an insight into many aspects.

(a) How realistic were the assumptions at the time the project was taken up for discussion and approval

(b) induces a degree of caution among those who put forth proposals.

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Sanisha Maharjan
Sanisha Maharjan
Jan 18, 2022
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