International Definition
INTOSAI - International Organization of Supreme Audit Institutions has published the following definition of Performance Audit:
Performance auditing is an independent examination of the efficiency and effectiveness of government undertakings, programs or organizations, with due regard to economy, and the aim of leading to improvements.
Read more about this topic: Government Performance Auditing
Famous quotes containing the word definition:
“It’s a rare parent who can see his or her child clearly and objectively. At a school board meeting I attended . . . the only definition of a gifted child on which everyone in the audience could agree was “mine.””
—Jane Adams (20th century)