Designed specifically for audit managers and auditing teams, this booklet will guide auditors as they examine the numerous activities that make up a company's capital project process. The audit function can add tremendous value by ensuring that proper controls are in place for managing the company's capital project process and also by assisting individual project teams in the evaluation of controls for their own projects. Improved controls in this critical function will ultimately result in the approval of higher-quality projects that should subsequently enjoy more trouble-free implementation phases.