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Hi sir,
1) Whats the diff between prrformance measures and key performance indicators?
2) is public sector auditiong topic is important to the exam?
Can it come in the audit risks question?
Thanks
1) KPIs may be regarded as a subset of performance measures – there are many possible measures of performance – only some will be considered “key”. Typically measures look at the relationships between “inputs”, “outputs” and “outcomes” and in the public sector these are often measured in the value-for-money terms of the “3Es” (economy, efficiency and effectiveness).
2) Every topic is important to the exam – otherwise it wouldn’t be in the syllabus.
See the article “Performance information in the public sector” on ACCA’s www and note how it has been examined (e.g. in S/D15 Q2(b) and M/J17 Q3(b)).Q1 (planning/risk case study) will be set in the context of an audit of financial statements of a company/group of companies/several clients (this could therefore include performance measures (e.g. in “other information”) but would not be “public sector” setting).
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