|
A performance audit is an objective and systematic examination of evidence that provides an independent assessment of the performance of a department, program, activity or function. This assessment provides information to improve public accountability and facilitate decision-making for appropriate parties. Our performance audit includes testing economy and efficiency of operations and programs. It can extend to determining performance measurement benchmarks for various service efforts and the related costs and accomplishments of the organization in providing those services. Economy and efficiency audits include determining: - Whether the entity is acquiring, protecting and using its resources (such as personnel, property and space) economically and efficiently
- The causes of inefficiencies or uneconomical practices
- Whether the entity has complied with laws and regulations on matters of economy and efficiency
Service efforts and accomplishments engagements include: - Determining meaningful output benchmarks
- Comparing to similar organizations, programs, activities or functions
- Providing data to management and the governing board for determining whether the entity should reallocate resources to accomplish its goals and objectives
With thousands of people operating around the world, McGladrey & Pullen, LLP has the staff and perspective to help your organization assess its financial regulatory and operational performance.
|
