Performance auditing is a technique used by internal auditors to evaluate the economy, efficiency and effectiveness of the organizations' operations. It helps management ensure strategic objectives are being met and/or if they can improve upon them.
A performance audit looks beyond financial controls or compliance with policies and looks for the existence of management measures such as leadership, employee empowerment, teamwork, risk assessment, management information, communication, resource allocation, productivity measurement, etc. Performance auditing therefore requires flexibility, imagination and analytical skills to provide organizations with innovative solutions and new ideas.
Could your organization benefit from a performance audit?
- Outline the types of a performance audit
- Review the benefit of a performance audit and when it makes sense to have one
- Explore why it makes sense to have a performance audit
- Discuss Eide Bailly's approach to performance auditing
Audrey Donovan, Senior Manager
Audrey has more than 15 years of experience in both public and private sectors. She helps state and local governments with performance audits. She also assists privately held and publicly traded companies with internal audits. She has managed and performed hundreds of performance audits and utilized various performance audit methodologies, including benchmarking, surveys, data analytics and social impact analysis.
CPE Credits: 1
Field of Study: Auditing & Assurance
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.
Take a deeper dive into this Insight’s subject matter.Audit & Assurance