June 2011
Intermediate to advanced
378 pages
14h 11m
English
Content preview from Performance Management Systems and StrategiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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DIFFERENCES BETWEEN THE PERFORMANCE AUDIT AND FINANCIAL AUDIT
Although procedurally, performance audit and the financial audit have many things in common, they are not alike. Basic difference between the two, while the performance audit focuses on efficiency measurements, financial audit focuses on the accuracy and correctness of accounts. Other areas of difference between the two can be listed as under:
- Financial audit is a routine job. It does not focus on any specific problem. Performance audit, on the other hand focuses on problems and the process of identification of its causes.
- In financial audit, attention is more on figures, in performance audit, however, the attention is more on people, and other resources.
- For obvious focus on specific ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.