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VFM Audit

Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › VFM Audit

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  • May 24, 2014 at 3:11 pm #170525
    mariyabharm
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    Hi
    Pls could you explain me VFM audit and 3 ‘E’s as part of VFM audit
    Thanks in advance

    May 24, 2014 at 4:22 pm #170535
    Seanan
    Member
    • Topics: 10
    • Replies: 148
    • ☆☆

    Independent audit of a not-for-profit organization (government agency or unit, charity, trust, etc.) to assess the effectiveness and efficiency of its utilization of funds. It is employed where the standard commercial performance (profit oriented) measures cannot be used. Also called value for money analysis.

    May 24, 2014 at 4:44 pm #170536
    mariyabharm
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    Thanks Seanan
    But how do you measure three E’s

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