Performance and Personnel Audit Efficiency Framework
Extracts from an Executive Roundtable for Directors and Heads of Human Resources held in Lagos (March 2017)
The purpose of performance auditsis to help auditors oversee and evaluate state agency operations and state program results. It typically examines the effectiveness, economy or efficiency of a government program. Our auditors might analyse the services of an entire agency or division, compare actual agency practices against the practices called for in law or policy, seek possible cost savings, or identify the outcomes achieved by a program or service.
Performance audits extend beyond the examination of the financial affairs and transactions of an organisation; they also encompass wider management issues of significance.
Why Audit Performance?
To assess validities and to ascertain SWOT analysis
- Corporate Objectives
- Competence Gaps
- Environmental Scanning
- Personnel Aspirations
- Corporate Expectations
- Monitoring & Evaluation
Performance Audit Process
Key Performance Indicators
- Performance measures designed to offer comprehensive information to assess efficiency and
- Must establish clear performance expectations focused on results
- Must be relevant
- Must be measured consistently
- Must be monitored on an ongoing basis
Performance auditing, monitoring and evaluation are all exercises in sound financial and operational management. The need of performance audit in an organisation is generated by competition. The more competitive our client’s environment is, the more added value a performance audit will provide. Performance audit is a management tool as internal audit, controlling dashboards and providing information for improvement.
Our performance audit approach not only focuses on financial information but also analyzes our client’s procedures and processes. It is our objective to show our client ways to use its’ resources in a more economic efficient and effective way to increase the resource / outcome ratio without ignoring environment and equity aspects.