Performance Audits Focused on the Principle of Effectiveness: An Overview of Public Audit Agencies

Luiz G M Mury

Applied Finance and Accounting, 2018, vol. 4, issue 2, 45-54

Abstract: According to international standards, performance audit is an independent and objective process for reviewing the economy, efficiency and effectiveness of a government¡¯s program, organization, and/or activity in order to evaluate public management¡¯s performance. The relevance of the matter prompted the present study, which aims to inquire if, when conducting performance audits, Supreme Audit Institutions analyze a procedure¡¯s effectiveness, that is to say, the impact that determined government spending had on the program¡¯s target population. In order to do so, a questionnaire was applied to auditors of Public Audit Institutions from several countries. As a preliminary result, our research concluded that the majority of auditors conduct economy, efficiency and efficacy analyses, but rarely assess the effectiveness of government spending.

Keywords: performance audit; court of auditors; effectiveness (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rfa:afajnl:v:4:y:2018:i:2:p:45-54

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