Business and investment planning
- Investment project fundamentals
- Business and investment planning in the forest industry
- Conceptual phase
- Pre-feasibility phase
- Feasibility phase
- Organisational learning in investment projects
Post-completion auditing of investments In this article we will review the basics of post-completion auditing including its definition, typical characteristics, reporting, and managerial uses. Capital investment can be understood as a process consisting of distinct stages: (see Figure 1) Identification of potential investments, Project definition and screening, Analysis and acceptance, Implementation, Monitoring, and Post-completion audit (PCA).
Authors & references
Author:
Professor Jari Huikku, Aalto University School of Business
References:
- Northcott, D. 1992. Capital investment decision-making. London: CIMA (Academic Press).
- Huikku, J. 2011a. Design of a post-completion auditing system for organisational learning. The Finnish Journal of Business Economics, 60(2), 173–212.
- Huikku, J. 2007. Explaining the non-adoption of post-completion auditing. European Accounting Review, 16(2), 363–398.
- Huikku, J. 2008. Managerial uses of post-completion auditing of capital investments. The Finnish Journal of Business Economics, 57(2), 139–164.
- Lefley, F. 2019. Research into the postaudit of capital projects in UK SME organisations, The Engineering Economist, 64(1), 68–95.
- Huikku, J. 2011b. Postcompletion auditing of capital investments, In H.K. Baker and P. English (Eds.) Capital Budgeting Valuation; Financial Analysis for Today’s Investment Projects (131–149), Hoboken (USA): Wiley.
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This page has been updated 16.10.2020