Performance Audit?
A performance audit
is an independent assessment of an entity's operations to determine if
specific programs or functions are working as intended to achieve stated
goals. Performance audits are typically associated with government
agencies at all levels as most government bodies receive federal
funding.
Benefits of Performance Audits
Performance audits serve a fundamental purpose of government
accountability. Through performance audits government entities are held
to objective standards of executing the responsibilities that they are
legally authorized and charged to carry out.
