M/s DEF & Associates have been appointed as the statutory auditor of JKL Ltd., a PSU engaged in generation of electricity from solar power. The…

M/s DEF & Associates have been appointed as the statutory auditor of JKL Ltd., a PSU engaged in generation of electricity from solar power. The Committee on Public undertakings with a view to examining PSU's physical and financial performer is examining the reports and accounts of public undertaking and also audit findings of the C & AG. Following are some of the functions of specialised committees: (i) to examine the statement of accounts of autonomous and semi-autonomous bodies, the audit of which is conducted by the Comptroller & Auditor General either under the directions of the President or by a Statute of Parliament; (ii) to examine the estimates to report what economies, improvements in organization, efficiency or administrative reform, consistent with the policy underlying the estimates may be effected; (iii) to examine the autonomy and efficiency of public undertakings and to see whether they are being managed in accordance with sound business principles and prudent commercial practices; (iv) to examine public enterprises through comprehensive appraisal or evaluation of performance of the undertaking. It involves a thorough examination, including evaluation of the policies, programmes and financial working of the undertaking. From the above functions, which are the functions of Committee on Public Undertakings (COPU)?