India, March 3 -- The Delhi government will set up three project monitoring units (PMUs), each comprising 10 chartered accountants (CAs), to conduct a comprehensive financial audit of about 1,794 private unaided recognised schools across the Capital, officials said on Monday.

"The move follows complaints about financial malpractice and the charging of excessive fees by private schools in the city. Officials felt that the inspections ordered against many such complaints would not be sufficient; hence, a comprehensive examination of the records and financial statements of the private unaided recognised schools is required," said an official.

The Directorate of Education (DoE) has floated a tender inviting bidders for the project, estimate...