* Understand what a performance audit is and how it differs from traditional financial audits * Understand the various standards applicable to performance audits * Understand the United States Government Accountability Office Standards for Performance audits * Understand performance audit planning,
Unlike a traditional financial audit objective (Are the financial statements materially misstated?), performance auditing can address a wide variety of objectives (Is this program working? Can it be improved? Where can we save money? How can we operate more efficiently and effectively?). This session will explain what a performance audit is, describe the standards that must be followed, and provide examples that indicate the value of a performance audit. Performance audits can add value to any entity and practitioners can profit from adding these special assurance services to their practices.