Kumar, K. Mathu <br/><br/>
Investment appraisal of central public sector projects in India and role of audit 

 -  1991 
 - p.208-215. 
 - Apr-Jun 
<br/><br/> The author focuses our attention on the system of investment appraosal in Central public sector projects and role of Audit therein. He examines the existing appraisal procedure followed at different stages by agencies, like Public Investment Board and Planning Commission, and points out what, according to him, are the deficiencies of the existing system (including the methodological flaws), particularly relating to micro planning and project appraosal. He analyses Audit's role in preventing time and cost overruns, tardiness in implementation, wastage, etc. He also dicusses the constraints under which Audit has to function. He, however, concludes on an optimistic note that with the inputs like training of 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Auditing<br/>Public Sector<br/>Investment Appraisal<br/>Government Enterprise - India<br/>Government Enterprise