Economy and efficiency audits definition
Economy and efficiency audits means performance audits that establish: (a) Whether a state agency or unit of local government receiving state funds is acquiring, protect- ing, and using its resources such as personnel, property, and space economically and efficiently; (b) the causes of ineffi- ciencies or uneconomical practices; and (c) whether the state agency or local government has complied with significant laws and rules in acquiring, protecting, and using its resources.
Economy and efficiency audits means performance audits that
Examples of Economy and efficiency audits in a sentence
Economy and efficiency audits fall under the guidance of performance audits within the 2018 Government Auditing Standards issued by the Comptroller General of the United States.