kiran
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Hi May I know, What is a performance audit?
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Anil
answered
Hello
Performance audit refers to an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.
Performance appraisal of a firm's internal controls, and the efficiency and effectiveness of its procedures and processes. It is not an evaluation of the firm's financial performance. See also management audit
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Anil Dhawan
answered
Hie
Performance audit refers to an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.
Performance appraisal of a firm's internal controls, and the efficiency and effectiveness of its procedures and processes. It is not an evaluation of the firm's financial performance. See also management audit.
Anshul Dhawan
answered
Performance audit refers to an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.
Performance appraisal of a firm's internal controls, and the efficiency and effectiveness of its procedures and processes. It is not an evaluation of the firm's financial performance. See also management audit.
