Audit Objectives with respect to government organization

Audit Objectives with respect to government organization

The following are the general objective of auditing with respect to government organization.

(a) To know whether the resources of the government organization such as funds proportions and personnel are perfectly utilized and controlled in an effective economical and efficient manner.

(b) To ascertain whether all receipt and revenue arising from their operations which are under examination are collected properly accounted for.

(c) To know whether the organizations are carrying out the authorized activities or duties of the government in a way it has been arranged or organized.

(d) To ascertain whether proper internal control system being maintained by the organization and if any, effective is it.

(e) To confirm it the accounting system complies with the principle, standards and related requirements as prescribed by the government or accounting body.

(f) To ascertain if the specification of returns, required to be filed by various, portions, their contents, frequency, number of copies destination and the deadlines for submission are duly followed.

(g) Description of financial procedures and systems for safeguarding of assets (e.g the banking of cash, payment of way).

(h) To know the procedures for reporting and investigating lessons on fraud etc