We see that javascript is disabled or not supported by your browser - javascript is needed for important actions on the site. Read more

What's New - Home - Login

Member $avings: $81,567,412.25 | Books Available: 795,776 | Members Online: 233

Swap Used Books - Buy New Books at Great Prices!

How To Swap Books Sign Up Search submenu

PBS Market (New Books)

Gift Buying Guide

Book Browser Advanced Search Books Posted Today Member Book Reviews Award Winning Books NYT Best Sellers Amazon Best Sellers Most Traveled Copies Club Wish List

Discussion Forums Book Lists

Club Lists My Book Lists My Watched Lists Create a List

Blog Donations

School Donation Program In Memory of... Military Donation Program Friends of PBS

Box-O-Books Maps The Eclectic Pen Fun Stuff

20 Questions Sudoku Bookmark Creator

Top 100

Requests Posts Swappers Referrers Reviewers

Pulse of PBS Spread The Word

Invite Friends Bookmarks Facebook Page Facebook App More Ways...

Photo Gallery Recipes Club Tag Cloud Member Testimonials

Help Center submenu

How To Swap Books Browse Help Docs Ask the Librarian PBS Member Icons Live Help

Kiosk

PBS Market (New Books) Go Shopping Buy Credits Buy PBS Money Upgrade Membership Gift Certificates Transfer Credits

Need Help?

Search - Post Completion Auditing: A Guide to Effective Re-Evaluation of Investment Projects

Post Completion Auditing A Guide to Effective ReEvaluation of Investment Projects
Author: Bill Neale, David Holmes

Chapter one introduces the reader to the objectives of post-audits and explains how they fit into coherent capital allocation systems. The capital budgeting model used relies on the search-evaluation-implementation-control sequence recommended by authors in a variety of decision-making fields. The second chapter briefly reviews the main techniqu... more »es of investment appraisal (payback, ROI, internal rate of return, net present value), in order to explain their respective advantages and drawbacks. Emphasis is placed on the nature of the information required to undertake a thorough investment project evaluation because this data input will eventually provide the basis for the subsequent post-audit. Chapter three focusses on the drawbacks which academics have frequenty proferred as deterrents to post-audit adoption, and which, in the author's view, have been too readily accepted by business practitioners. The chapter has three parts, the first concentrates on the "technical" problems of post-auditing, the second studies the organizational issues such as culture, resistance to change, rejection of authority, while the third section discusses the role of the internal auditor in the post-audit process. The fourth chapter focuses on the internal political considerations which may dictate the type of projects and the way in which they are presented to top management for approval. Such considerations also govern the approach to be adopted in the project post-audit itself, for example, who should do it. A key argument of this chapter is that effective post-audits are planned post-audits. Chapter five looks at the method of post-audit implementation and the subsequent operation of a post-audit routine will probably differ from firm to firm. There are, however, key principles to adopt, and common errors to avoid. This chapter provides a checklist of issues to examine and some of the ways of overcoming the perceived problems, using a case study as an expository device. The importance of providing suitable documentation is stressed and some sample pro formas are demonstrated. The sixth chapter outlines the results of a survey conducted by the authors into the post-auditing practices of a large sample of UK enterprises, mainly drawn from the "Times" listing. Of particular interest, is the evidence on the main objectives, benefits, and problems experienced by post-auditors. The seventh and final chapter draws upon the practical experience of a variety of firms with whose executives the authors conducted personal interviews. The centrepiece of the chapter is a case study contributed by a senior executive from SKF and Dormer Tools PLC in Sheffield.

ISBN-13: 9780273032861
ISBN-10: 0273032860
Pages: 224
Rating:

0 stars, based on 0 rating

Publisher: Hyperion Books
Book Type: Hardcover
Members Wishing: 0
Reviews: Amazon | Write a Review

Genres:

Engineering & Transportation >> Accounting & Finance >> Accounting

Back to the Top ↑

Search - Post Completion Auditing: A Guide to Effective Re-Evaluation of Investment Projects

Loading...