Value for Money Audit – NBC Institute

AAA – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

Question

Defines an audit focused on assessing the relationship between service value and resources used.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Efficiency, Public Sector Audits, Resource Allocation, Service Evaluation, Value for Money Audit
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

Question

Write short notes on the following:

(a) Public Accounts Committee
(3 Marks)

(b) Value-for-Money Audit
(3 Marks)

(d) Due Diligence
(3 Marks)

(e) Due Process
(3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Alarm, Due diligence, Due Process, Public Accounts Committee, Value for Money Audit
Level: Level 3

Topic: Internal Audit and Corporate Governance
Series: NOV 2011

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

Find Related Questions by Tags, levels, etc.

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

AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

Question

(a) Explain the purpose of value for money audit. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Objectives, Economy, Effectiveness, Efficiency, Value for Money Audit
Level: Level 2

Topic: Audit and Assurance Evidence
Series: MAY 2016

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 – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

Question

Defines an audit focused on assessing the relationship between service value and resources used.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Efficiency, Public Sector Audits, Resource Allocation, Service Evaluation, Value for Money Audit
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

Question

Write short notes on the following:

(a) Public Accounts Committee
(3 Marks)

(b) Value-for-Money Audit
(3 Marks)

(d) Due Diligence
(3 Marks)

(e) Due Process
(3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Alarm, Due diligence, Due Process, Public Accounts Committee, Value for Money Audit
Level: Level 3

Topic: Internal Audit and Corporate Governance
Series: NOV 2011

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

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

Answer

Find Related Questions by Tags, levels, etc.

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

AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

Question

(a) Explain the purpose of value for money audit. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Objectives, Economy, Effectiveness, Efficiency, Value for Money Audit
Level: Level 2

Topic: Audit and Assurance Evidence
Series: MAY 2016

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

Question Tag: Value for Money Audit

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AAA – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

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 – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

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

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

AAA – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

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 – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

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

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

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Question Tag: Value for Money Audit

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AAA – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

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AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

You're reporting an error for "AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance"

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.

You're reporting an error for "AA – July 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit, Public Sector Auditing"

AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

You're reporting an error for "AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence"

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 – Nov 2012 – L3 – AII – Q3 – Public Sector Audits

Defines an audit focused on assessing the relationship between service value and resources used.

You're reporting an error for "AAA – Nov 2012 – L3 – AII – Q3 – Public Sector Audits"

AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance

Explores the functions and significance of various committees and concepts in governance, including the Public Accounts Committee and due diligence.

You're reporting an error for "AAA – Nov 2011 – L3 – SB – Q6 – Internal Audit and Corporate Governance"

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.

You're reporting an error for "AA – July 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit, Public Sector Auditing"

AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence

This question explains the purpose and objectives of a value for money (VFM) audit.

You're reporting an error for "AA – May 2016 – L2 – Q5a – Audit and Assurance Evidence"

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"

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