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Internal audit

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.

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October 25, 2017 at 1:45 pm #413151
iza1
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- Topics: 115
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I read that one of the internal audit service is a value for money audit. Value for money is achieveing the 3 es. i cant seem to relate it with audit. Kindly help
October 25, 2017 at 11:53 pm #413214
Ken Garrett
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It is simply the IA departmemt assessing a department using the criteria of effectiveness, efficiency and economy.
It has nothing to do with the audit of the financial statements.
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