Veiklos audito elementai: analizė ir auditas

Abstract

The aim of this article is to explore the structural elements of the performance audit and determine their inspection and evaluation areas and methods. The article contains a comprehensive analysis of related research and practical works which led to the identification of performance audit elements and their related areas. The significance of performance auditing requires focusing on its specific control function designed to ensure an objective assessment of the functionality of the activity, on the programmes and/or on the systems of organisations from the point of view of their performance economy, effectiveness and efficiency, and on the promotion of performance and management progress. It is the knowledge of the shortcomings of a specific organisation, programme or system that makes it possible to project guidelines for their further successful performance. Most performance audit descriptions focus on the three E’s - economy, efficiency, and effectiveness. This type of audit examines: a) the economy of administrative activities in accordance with sound administrative principles and practices, as well as management policies; b) the efficiency of utilization of human, financial, and other resources, including examination of information systems, performance measures and monitoring arrangements, and procedures followed by audited entities for remedying identified deficiencies; and c) the effectiveness of performance in relation to achievement of the objectives of the audited entity and the audit of the actual impact of activities compared with the intended impact.