Performance Auditing
Performance auditing is an independent evaluation process that assesses how effectively an organization uses its resources to achieve specific goals. It examines whether programs and services are delivering intended outcomes efficiently and cost-effectively. This type of audit goes beyond financial checks, focusing on the performance and impact of activities. The findings can help improve operations, inform decision-makers, and ensure accountability to stakeholders by providing insights on what works well and what can be improved. Essentially, it’s about ensuring that public or organizational resources are managed wisely and are achieving their intended purposes.
Additional Insights
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Performance auditing is an independent review process that evaluates the efficiency and effectiveness of a program or organization’s activities. It assesses whether resources are being used effectively to achieve desired outcomes and whether the goals are being met. Unlike financial audits, which focus on accuracy in financial reporting, performance audits examine how well an organization operates and whether it delivers value to stakeholders. The findings can help improve services, inform decision-making, and ensure accountability in the use of public or organizational resources.