APSC Prelims and Mains Notes, APSC Test Series
AUDITING Auditing is the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements. An audit can apply to an entire organization or might be specific to a function, process, or production step. Meaning of Auditing: Auditing is an examination … Read more
PERFORMANCE AUDIT Meaning An independent examination of the efficiency and effectiveness of government undertakings, programs or organisations, with due regard to economy, and the aim of leading to improvements”. Performance audit is simply an audit of sound financial management, namely of the economy, efficiency and effectiveness with which audited … Read more