What is Performance audit?
In short
A performance audit under Government Auditing Standards gives findings and conclusions on a government program's effectiveness, economy and efficiency, internal control or compliance, based on evaluating evidence against criteria.
Key takeaways
- It isn't a financial statement audit and doesn't give an opinion on financial statements.
- It is planned to give reasonable assurance that findings are supported.
- Reports include findings, conclusions and recommendations, with the views of responsible officials.
Where it's tested
AUD: Attestation & System and Organization Controls (SOC) Engagements — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
A user auditor wants to rely on controls at a service organization for the entire audit period. Which report provides appropriate evidence?