Para 3.8.5 — MSO

Aspects to be covered and source documents 3.8.5 Some of the aspects to be looked into in the course of ECPA or VFM Audit are as follows :

(i) Adequacy of investigations, surveys and feasibility studies.

(ii) Schedule of implementation.

(iii) Systems and procedures in force for implementation, monitoring progress, procurement of plant and machinery, special equipment, stores, other supplies, etc.

(iv) Correlation of physical and financial achievements with envisaged targets.

(v) Arrangements for materials management and inventory control.

(vi) Outcome of mid-term appraisals.

(vii) Impact of changes in scope, if any.

(viii) Procedures or norms adopted for identification of eligible beneficiaries in the case of schemes meant to benefit certain specified sections of the population, such as families below the poverty line, tribals, scheduled castes, unemployed youth, women and children, etc.

(ix) Adherence to programme schedules and Time and Cost Overruns, if any.

(x) Realisation of projected/anticipated revenues in the case of projects/schemes intended to generate revenue.

These are, however, only illustrative and not exhaustive.