Performance audits

Allegations of corrupt procurement, be they fact or fictional, are high risk. It’s for this reason that the Public Finance Management Act (PMFA) Act 1 of 1991 strongly recommends frequent performance audits – the most certain means of ensuring your operation’s integrity and that each and every resource purchased delivers on the three Es – economy, efficiency and effectiveness.

The benefits
In objectively examining your procurement systems and resources, our performance audit team focuses on the three Es, offering you the following benefits:

  • the alignment of your resources with your procurement and performance policies and existing systems
  • the identification of areas and processes where waste and inefficiencies occur
  • assurance of your regulatory compliance
  • the provision of cost-saving controls and systems
  • best-practice performance benchmarks and management processes.

In short, the certainty of knowing your resources are delivering a return-on-investment and that your procurement systems are “corruption proof.”

Our scope of services
Depending on your organisation’s needs, our services may include any or all of the following:

  • structuring of a performance policy
  • budgeting
  • resource management
  • monitoring and control processes
  • progress reporting
  • information to management.

 

Best-practice case studies and guidelines from professional authorities

  • The Auditor General’s guideline for the planning, execution, reporting and follow-up of performance audits conducted in the public sector
  • Standards and implementation guidelines for performance auditing based on the INTOSAI auditing standards.
  • IIA standards
  • Generally Accepted Government Auditing Standards (GAGAS)
  • Internal control objectives as defined by the Committee of Sponsoring Organisations of the Treadway Commission (COSO) by using the COSO internal audit model