This course covers the additional requirements of generally accepted government auditing standards (GAGAS) as it relates to performance audits. The term "Performance Audit" refers to an independent examination of a program, function, operation, or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.
This module includes discussion of audit planning, staff supervision, obtaining sufficient, appropriate evidence, and audit documentation.
The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.
Learning Objectives
- Recognize three important concepts related to performance audits.
- Identify the Yellow Book fieldwork requirements for performance audits.
- Recognize the concept of sufficient, appropriate evidence and its importance in an audit.
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Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.