kiran
asked almost 3 years ago
Hi May I know, What is a performance audit?
Anil
answered almost 3 years ago
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
Anil Dhawan
answered almost 3 years ago
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 almost 3 years ago
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.
