auditing and evaluation

Auditing is the process of systematically examining a company's financial records, operations, or compliance to ensure accuracy, integrity, and adherence to laws or standards. Evaluation, on the other hand, involves assessing the effectiveness and efficiency of programs, projects, or policies to determine their impact and areas for improvement. Both activities help organizations identify strengths and weaknesses, support decision-making, and maintain accountability. While auditing focuses mainly on verifying financial correctness and compliance, evaluation provides broader insights into an organization’s performance and outcomes.