An exploratory study of the post-audit practices of large UK organisations: the way forward

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F16%3A50014046" target="_blank" >RIV/62690094:18450/16:50014046 - isvavai.cz</a>

Result on the web

<a href="http://www.emeraldinsight.com/doi/full/10.1108/MD-10-2015-0482" target="_blank" >http://www.emeraldinsight.com/doi/full/10.1108/MD-10-2015-0482</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/MD-10-2015-0482" target="_blank" >10.1108/MD-10-2015-0482</a>

Result language

angličtina

Original language name

An exploratory study of the post-audit practices of large UK organisations: the way forward

Original language description

Purpose – The purpose of this paper is to investigate the current practices of large UK organisations with respect to post-audits of capital projects with the aim of improving management decision making in the future. The investment process has been clearly mapped out in the literature, with the initial project proposal, appraisal, selection (investment decision), implementation, completion, and finally the post-audit. It is this latter stage which is ignored by so many organisations and has received less attention in the academic literature, a gap the author hopes to fill. Design/methodology/approach – The empirical data are collated from a postal questionnaire, semi-structured interviews, followed by a short e-mail questionnaire. A methodological triangulation of empirical data obtained from the questionnaires and interviews, were undertaken to overcome some of the deficiencies from just using one method of data collection. The research is empirical and uses exploratory descriptive analysis to interpret the findings. The author focuses on the aspect of organisational learning theory as a process of continuous improvement, learning from past experience, especially in the management decision-making paradigm. Findings – The author discovered nine important reasons for undertaking post-audits and ten for not. An important observation is that while those organisations which do not undertake post-audits attach a greater level of importance to “the reasons for not carrying out post-audits” and “the problems faced in the implementation of post-audits”, these difficulties have been overcome by those organisations that undertake post-audits. Evidence suggests that the current change in business culture, as a result of the recent financial crisis, may be refocusing the aims of post-audits from a learning exercise to one of managerial responsibility.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Management decision

ISSN

0025-1747

e-ISSN

—

Volume of the periodical

54

Issue of the periodical within the volume

5

Country of publishing house

GB - UNITED KINGDOM

Number of pages

20

Pages from-to

1140-1159

UT code for WoS article

000379827800007

EID of the result in the Scopus database

2-s2.0-84982908239