Propriety audit

The propriety audit stands for the verification of transactions based on public interest, commonly accepted customs, and standards of conduct.  Principles of propriety audit  Expenditure is not prima facie more than the occasion demands and that every official exercise the same degree of vigilance in respect of expenditure as a person of ordinary prudence...

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Performance Audit

A performance audit is an objective and systematic examination of the evidence to provide an independent assessment of the performance of a government organization, program, activity, or function to provide information to improve public accountability and facilitate decision-making by parties with responsibility to oversee or initiate corrective action. Elements of performance audit  Performance audit...

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Internal Audit

Internal Audit means “An independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggesting improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system Applicability of Internal Audit...

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