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The functions of the committee are:
- To examine the reports and accounts of public undertakings
- To examine the reports of the Comptroller and Auditor General on public undertakings
- To examine (in the context of autonomy and efficiency of public undertakings) whether the affairs of the public undertakings are being managed in accordance with sound business principles and prudent commercial practices
- To exercise such other functions vested in the public accounts committee and the estimates committee in relation to public undertakings which are allotted to it by the Speaker from time to time
