Post completion audit aims to evaluate the efficiency and effectiveness of the capital budgeting decision that the management has implemented. It compares between the planned and the actual outcome, costs and the use of resources, results and benefits. It contains all assumptions that were made during the decision-making period. It is one of the ongoing continuous processes through which the organisation learns and improves. Recent research suggests that capital budgeting involves far more than a …showed first 75 words of 1502 total…

…showed last 75 words of 1502 total…G. W., Modern Auditing, John Wiley & Sons, Ltd, England, 1999, Ch. 16, pp. 554-576 3.<Tab/>Garvin, D.A., "Building a learning organisation", Harvard Business Review, July-August 1993, pp. 78-91. 4.<Tab/>Johnson, H.T., Relevance Regained: From Top Down Control to Bottom Up Empowerment, Free Press, New York, NY, 1992. 5.<Tab/>Neale, C.W., "Post-completion auditing: avoiding the pitfalls", Managerial Auditing Journal, Vol. 10 No. 1, 1995, pp. 17-24.