How we help

In addition to conducting training in performance auditing, we conduct objective and systematic examinations (in line with INTOSAI’s Generally Accepted Principles of Performance Auditing) of the programs, functions, operations, management systems and procedures of entities to assess whether they are achieving economy, efficiency and effectiveness in the employment of available resources.

Our audit of economy, efficiency and effectiveness aims to establish whether the following have been achieved;

Economy: according to INTOSAI’s definition: audit of the economy of administrative activities in accordance with sound administrative principles and practices and management policies. In other words,Economy is minimizing the cost of resources, having regard to the appropriate quality.

(spending less)

Efficiency: according to INTOSAI’s definition: audit of the efficiency of utilization of human, financial and other resources including examination of information systems, performance measures and monitoring arrangements and procedures followed by audited entities for remedying identified deficiencies. In other words, Efficiency is the relationship between the output, in terms of goods, services and other results and the resources used to produce them.

(Spending well)

Effectiveness: according to INTOSAI’s definition: audit of the effectiveness of performance in relation to the achievement of the objectives of the audited entity and audit of the actual impact of activities compared with the intended impact. In other words, Effectiveness is the extent to which objectives are achieved and the relationship between the intended impact and the actual impact of an activity.

(Spending wisely).

After Planning, our implementation of performance audits involves:

  • development and execution of an audit program of procedures;
  • collection and documentation of sufficient relevant and reliable evidence, including quantitative and qualitative analysis;
  • formulation of audit findings, conclusions and recommendations; and
  • development of discussion points and confirmation of audit findings at an exit meeting.