The definition of performance audits does not include
A) Economy audits.
B) Efficiency audits.
C) Financial audits.
D) Program audits.

Question

Quizplus · Accepted Answer

Performance audits typically focus on determining whether government programs are operating in accordance with their intended objectives and goals, and whether they are being managed efficiently and effectively. While financial audits may be a component of performance audits, they are not included in the definition of performance audits as they primarily focus on assessing the accuracy and reliability of financial information. Economy audits specifically focus on identifying opportunities to minimize or reduce costs without sacrificing program goals, and efficiency audits specifically focus on identifying ways to improve the effectiveness of program operations. Program audits assess compliance with laws, regulations, and other requirements related to the program's design and implementation.

The Definition of Performance Audits Does Not Include