Performance Auditing Seminar

Internal auditors are also charged with ascertaining that sub-units have established goal congruence and the appropriate internal control structure to enhance the achievement of stated goals and objectives.

Through performance audits, internal auditors determine that goals and objectives are efficiently and effectively achieved. This process includes, corroboration of the measurement process and validity of information reported to senior management.

Additionally, the performance audit is futuristic in that it is designed to improve the system under review.

The performance audit is the highest level of audit service that evaluates the overall management plan and the performance of management in carrying out the plan

This seminar includes a discussion of SIAS #10, "Evaluating the Accomplishment of Established Objectives and Goals for Operations or Programs."

PURPOSE, SCOPE, RESULTS

RESOURCES COMMITTED

Historical

Budgeted

ESTABLISHING GOALS & OBJECTIVES

Specific

Measurable

Attainable

Relevant

Timely

GOAL CONGRUENCE

Sub-Optimization

PERIODIC MEASUREMENT

MANAGEMENT REPORTING

Specific

Concise

Informative

FEEDBACK ANALYSIS

Essential

Efficient

Effective

Economical

Environmentally Acceptable

Appropriate Delivery System

RE-EVALUATION

Agency Theory

INTERNAL CONTROL STRUCTURE

Enhance Probability

Risk Justified