Performance Audit – NBC Institute

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

Question

An Internal Auditor is part of the management Internal Control System. However, it is possible to list the other work that internal auditors might do under the following broad heading:
• Value for money audit
• Best value Audit
Required:
Explain the differences between Value for money audit and Best value audit.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Types, Best Value Audit, Continuous improvement, Performance Audit, Value for Money Audit
Level: Level 2

Topic: Types of Audit and Assurance Engagements
Series: MAY 2021

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

Question

Audit engagement rests on mutual understanding and respect between the auditor and the auditee. The Auditor, while not viewing the auditee as dishonest, must also have at the back of his mind that to err is human and must therefore not accept evidence from the auditee without further cross-checking the facts. The attitude should be that the auditor must have an enquiring mind. This is known as professional skepticism; while trusting, he must verify.

Required:

i) What FOUR (4) issues should be considered in Professional Skepticism assessment during performance audit? (5 marks)

ii) State FIVE (5) circumstances that can hinder Professional Skepticism at the engagement level. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit quality, Performance Audit, Professional Skepticism
Level: Level 3

Topic: Professional responsibility and liability, The meaning of audit and assurance
Series: JULY 2023

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

Question

Performance audit is an independent assessment of an entity’s operations, typically associated with government agencies. The goal is to evaluate the performance of a stated program to determine its effectiveness and to make changes if needed. Performance audits often include an analysis of the conditions necessary to ensure that the principles of economy, efficiency, and effectiveness are upheld. It is necessary in a performance audit to document the audit plan in an audit engagement.

Required:

i) Discuss the principles of performance audit. (6 marks)

ii) Describe FOUR (4) documentary evidence useful at the planning stage during an audit exercise. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Principles, Documentary Evidence, Economy, Effectiveness, Efficiency, Performance Audit
Level: Level 3

Series: MAY 2021

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

Question

b) After a scrutiny of previous performance audit reports, the Auditor-General has become incensed with the contents of the reports and has tasked you, a Director of Audit at the Ghana Audit Service, to recommend factors governing the contents of a performance audit report, the mode, and merits of follow-ups.

Required: Write a memo to the Auditor-General on your recommendations. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Recommendations, Follow-Ups, Performance Audit, Reporting
Level: Level 3

Topic: Public sector audit, Reporting
Series: NOV 2023

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

Question

The Auditor-General has a responsibility to ensure that government business is being performed in a manner which will bring development and benefits to the citizens. Various aspects of the conduct of government business will engage the attention of the Auditor-General, for example execution of contracts for the construction of a regional hospital.

Required: i) Briefly discuss what performance audit entails? (2 marks)

ii) In carrying out the performance audit, evaluate the THREE (3) main factors that the Auditor-General will be concerned with in relation to the construction of the Greater Accra Regional Hospital. (8 marks)

(Total: 10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor General, Economy, Effectiveness, Efficiency, Government Projects, Performance Audit, Public Accountability, Regional Hospital
Level: Level 3

Topic: Government external audit and public accountability, Public sector audit
Series: MAY 2020

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Types, Best Value Audit, Continuous improvement, Performance Audit, Value for Money Audit
Level: Level 2

Topic: Types of Audit and Assurance Engagements
Series: MAY 2021

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

Question

Required:

i) What FOUR (4) issues should be considered in Professional Skepticism assessment during performance audit? (5 marks)

ii) State FIVE (5) circumstances that can hinder Professional Skepticism at the engagement level. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit quality, Performance Audit, Professional Skepticism
Level: Level 3

Topic: Professional responsibility and liability, The meaning of audit and assurance
Series: JULY 2023

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

Question

Required:

i) Discuss the principles of performance audit. (6 marks)

ii) Describe FOUR (4) documentary evidence useful at the planning stage during an audit exercise. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Principles, Documentary Evidence, Economy, Effectiveness, Efficiency, Performance Audit
Level: Level 3

Series: MAY 2021

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

Question

Required: Write a memo to the Auditor-General on your recommendations. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Recommendations, Follow-Ups, Performance Audit, Reporting
Level: Level 3

Topic: Public sector audit, Reporting
Series: NOV 2023

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

Question

Required: i) Briefly discuss what performance audit entails? (2 marks)

(Total: 10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor General, Economy, Effectiveness, Efficiency, Government Projects, Performance Audit, Public Accountability, Regional Hospital
Level: Level 3

Topic: Government external audit and public accountability, Public sector audit
Series: MAY 2020

Question Tag: Performance Audit

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Performance Audit

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

You're reporting an error for "AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements"

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

You're reporting an error for "AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability"

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

You're reporting an error for "AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services"

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

You're reporting an error for "AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting"

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

You're reporting an error for "AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit"

AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements

Explain the differences between value for money audit and best value audit.

You're reporting an error for "AA – May 2021 – L2 – Q1a – Types of Audit and Assurance Engagements"

AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability

Discuss issues to consider in professional skepticism assessment and circumstances that can hinder professional skepticism during a performance audit.

You're reporting an error for "AAA – July 2023 – L3 – Q4a – The meaning of audit and assurance | Professional responsibility and liability"

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

You're reporting an error for "AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services"

AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting

Write a memo to the Auditor-General recommending factors for performance audit report contents and modes of follow-up.

You're reporting an error for "AAA – Nov 2023 – L3 – Q4b – Public Sector Audit, Reporting"

AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit

Discuss the role of performance audit and the Auditor-General’s concerns in auditing the construction of the Greater Accra Regional Hospital.

You're reporting an error for "AAA – May 2020 – L3 – Q4b -Government external audit and public accountability, Public sector audit"

Our offerings

Contact Info

Customer

Get In Touch

admin