Investment post-auditing practices among British and Norwegian companies: A comparative study

C. W. Neale

International Business Review, 1994, vol. 3, issue 1, 31-46

Abstract: Research into capital budgeting practices has tended to focus mainly on decision evaluation. Consideration of other key elements in the capital expenditure system such as post-completion auditing has been relatively neglected. This paper presents exploratory findings regarding the post completion auditing adoption rate and practices among Norwegian firms, and contrasts these with earlier British findings. Post-completion auditing adoption in Norway is less prevalent than in Britain, although very similar objectives are cited. The structure of post-auditing procedures is also very similar, although Norwegian companies report less severe difficulties. From a corporate perspective, it seems that more widespread adoption of post-completion auditing procedures could yield considerable benefits, while from a research standpoint, groundwork has been laid to support more intensive investigations among Norwegian companies.

Keywords: Investment; Appraisal; Project; Control; Post-auditing; Norway (search for similar items in EconPapers)
Date: 1994
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