What are performance auditing standards?

What are performance auditing standards?

Performance auditing standards are guidelines that ensure audits are conducted effectively and efficiently, focusing on the performance of programs and operations.

Why are these standards important in auditing?

These standards are crucial as they help maintain the integrity, reliability, and accountability of audit processes, ensuring that resources are used effectively.

Can you give me examples of these standards?

Sure! Examples include the International Organization of Supreme Audit Institutions (INTOSAI) standards and the Government Accountability Office (GAO) standards.

How do these standards impact public sector audits?

They provide a framework for evaluating the efficiency and effectiveness of government programs, promoting transparency and accountability.

Where can I find more information on these standards?

You can find more information on the official websites of INTOSAI and GAO, as well as in auditing textbooks and journals.