Performance Audits – NBC Institute

AA – July 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit, Public Sector Auditing

Short notes on value for money audit and best value audit in public sector auditing.

Question

b) Modern approach to Internal Auditing has broadened the scope of the function of the Internal Audit. The focus has shifted from pure financial audit to cover other important areas of operation. These include performance audit, Value for Money audit, and performance information audit.

Required:
Write short notes on the following:
i) Value for money audit. (5 marks)
ii) Best value audit. (5 marks)

Answer

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Tags: Best Value Audit, Performance Audits, Public Sector, Value for Money Audit
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit, Public Sector Auditing
Series: JULY 2023

Question Tag: Performance Audits

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AA – July 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit, Public Sector Auditing

Short notes on value for money audit and best value audit in public sector auditing.

AA – July 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit, Public Sector Auditing

Short notes on value for money audit and best value audit in public sector auditing.

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Question Tag: Performance Audits

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Short notes on value for money audit and best value audit in public sector auditing.

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Short notes on value for money audit and best value audit in public sector auditing.

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