he role of audit is vital in ensuring the proper financial and performance accountability report.... more he role of audit is vital in ensuring the proper financial and performance accountability report. Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertations about economic actions and events to ascertain the degree of correspondence between these assertations and established criteria and communicating the results to interested users. Audit is an examination that provides an objective and constructive assessment of the extent to which financial, human and physical resources are managed with due regard to economy, efficiency and effectiveness; and accountability relationships are reasonable served.
he role of audit is vital in ensuring the proper financial and performance accountability report.... more he role of audit is vital in ensuring the proper financial and performance accountability report. Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertations about economic actions and events to ascertain the degree of correspondence between these assertations and established criteria and communicating the results to interested users. Audit is an examination that provides an objective and constructive assessment of the extent to which financial, human and physical resources are managed with due regard to economy, efficiency and effectiveness; and accountability relationships are reasonable served.
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