A performance audit is an audit which
evaluates whether an organisation or government program is
performing effectively, economically and efficiently, and in
compliance with all relevant legislation.
Performance audits extend beyond the
examination of the financial affairs and transactions of a
government agency to encompass wider management issues of
significance to the community.
audit begins with the planning phase, to identify the issues to be
examined, timing, objectives, approach to be used and the resources
required. A final specification must be provided to the agency
before audit conduct starts.
Conduct—The audit team
gathers, analyses and tests evidence, to begin formulating
conclusions against the audit objectives and criteria. Performance
audits are conducted using VAGO’s own performance audit
Reporting—The results of each
audit are discussed with, and formally communicated to, senior
management of audited organisations. A final report is tabled for
each performance audit.
Last updated on 5/09/2016