Planning an Audit of Efficiency
The Planning an Audit of Efficiency section of the Practice Guide is organized based on key actions and decisions that need to be taken during this phase of the audit process:
- Acquiring knowledge of business and assessing risk
- Determining the audit focus
- Determining the audit approach
- Drafting audit objectives
- Selecting audit criteria
Although these topics are presented in a specific order, planning a performance (value-for-money) audit is rarely a linear process. In fact, the planning process is often iterative, with decisions in one step requiring the audit team to review decisions taken in previous steps to ensure the overall coherence of the audit plan.