- 10 Marks
AAA – L3 – Q73b – Public sector audit
Explain economy, efficiency, and effectiveness in performance auditing for CES.
Question
The Zamibia Audit Service is planning a performance audit of the Countrywide Emergency Service (CES). The Countrywide Emergency Service consists of ambulances and ambulance stations which are located in all regional districts. Last year, the CES purchased 200 extra new ambulances in addition to the current fleet.
Required:
(a) Compare and contrast a performance audit and an audit of financial statements.
(b) Explain the terms economy, efficiency and effectiveness with regards to performance auditing.
(c) For each of the terms economy, efficiency and effectiveness, suggest one audit objective in relation to the purchase of 200 new ambulances by the CES
Find Related Questions by Tags, levels, etc.
- Tags: Audit comparison, CES, Financial statements audit, Performance audit, Public Sector, Zamibia
- Level: Level 3
- Topic: Public sector audit
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