Abstract:
Performance is an action undertaken with the aim of reaching a
favourable balance between the proposed objectives and the means used,
based on the minimum and maximum principles, interpreted differently, i. e.
acheving maximum output using minimum input. In performance auditing the
collection of audit evidence and their documentation must be conducted
systematically. The INTOSAI International Auditing Standards stipulate that
competent, relevant and reasonable evidence should be obtained in order to
support the auditor’s judgment and conclusion regarding the organization,
program, activity or function under audit. The adoption of performance
elements can reduce the risk of disagreement between the auditors and the
audited entity and effectively contributes to faster reporting and taking
advantage of the audit findings. One can indeed state that performance audit
has become a key analysis criterion, unavoidable in decision-making.
