Auditing Efficiency and Economy

Ellsworth H. Morse

Chapter 11 in State Audit, 1981, pp 199-216 from Palgrave Macmillan

Abstract: Abstract A complete audit of a governmental program, function, activity or organization should include:1 An examination of financial transactions, accounts, and reports, including an evaluation of compliance with applicable laws and regulations (Purpose: to evaluate whether operations and resources are properly accounted for and presented in reports and whether legal requirements are being met); A review of efficiency and economy in the use of resources (Purpose: to evaluate whether the management operates with due regard to conserving its monetary, property, and human resources); and A review to determine whether desired results are effectively achieved (Purpose: to evaluate the extent to which statutory or other goals are being achieved and whether alternative methods of operation should be considered).

Keywords: Management Control System; Supplemental Security Income; Audit Report; Default Loan; Repair Part (search for similar items in EconPapers)
Date: 1981
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DOI: 10.1007/978-1-349-04666-9_11

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