Para 3.8.3 — MSO

3.8.3 ECPA is directed towards an examination of the systems and procedures for the planning and implementation of projects, schemes, programmes, activities, etc. and an evaluation of their performance and achievements. The objective is to bring out, among other things, weaknesses and deficiencies as well as lapses of different kinds, including those relating to individual transactions, for appropriate action. The audit envisages a comprehensive review of the project/scheme/programme/activity to ascertain:

(i) the extent to which the physical and financial targets and the intended impact have been achieved;

(ii) how far the socio-economic objectives have been realised;

(iii) whether the operations are being conducted economically;

(iv) whether the scheme/programme was implemented with due regard to economy and instances of overpayment, loss, extravagance, avoidable excess or infructuous expenditure attributable to improper planning, delays in execution, overstaffing, overcapitalisation, adoption of unsound policies, etc. were avoided; and

(v) whether the utilisation of resources was in accordance with the projected outlays and, if not, the reasons for deviations.