Performance Audit

Performance Audit

Generally, the NAO reviews the performance of the entities subject to its audit according to the following principles (three Es):

Performance Audit

Effectiveness
Have the set goals been achieved and how does the actual result compare with the set goal?

Efficiency
Are the best quantitative and qualitative results obtained from available resources / public funds?

Economy
Are the resources used in the appropriate quality and quantity, at the right time and place and at the lowest possible cost to achieve the desired result?