CA Inter P5 · Chapter 9 · Question 3 of 12
Performance audit in government organisations primarily examines:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Whether programmes and activities are carried out with economy, efficiency and effectiveness
Explanation
Performance audit assesses whether government programmes, schemes and organisations achieve their objectives economically, efficiently and effectively (the three Es). It goes beyond regularity and propriety to evaluate results against intended outcomes.
More Special Features of Audit of Different Type of Entities MCQs
- Q5The statutory auditor of Bharat Utilities Ltd., a government company, submits the audit report. Under section 143(6) of the Companies Act…
- Q6Which of the following is a typical feature of the audit of a local body such as a municipal corporation?
- Q7Akshar Foundation, an NGO, receives a grant from a donor agency to be used exclusively for a rural literacy project. The auditor's key…
- Q8A distinctive feature of the audit of co-operative societies under many State Co-operative Societies Acts is that the auditor:
- Q9In the audit of a co-operative credit society, the auditor finds loans given to members in excess of the limits in the society's bye-laws…