Audit

An audit is a process for providing a review or verification of programs, activities, or functions. This review is conducted in an independent and objective manner. Purposes of audits include the following assurances:

  • Compliance with policies, laws, and regulations
  • Safeguarding of resources and assets
  • Economical and efficient use of resources
  • Accurate and reliable financial information and reports
  • Achieving established goals and objectives