Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
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Pawan asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

Form Government / PSU Audit point of view 
Propriety Audit — Focus is on whether a particular expense or transaction is giving rela benefit to public at large. So we dont want wastage and we dont want individual centric expense it should be for public interest. Eg Buying of Rafale or Vaccines 
Performance Audit — It is for government scheme of government organisation, focus is on EEE. Eg Rozgar Yojna etc
Economy — reducing purchase cost
Efficiency — maximising output in given resources 
Effectiveness — achieving target in less time and cost with better quality   

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