It is the systematic review for evaluative purposes of dependency or entity or part of it, which is carried out to determine if the organisation is operating efficiently to meet the objectives entrusted to it within the Federal Public Administration. It is a search to locate problems related to efficiency within the organisation.
The administrative audit covers a review of the objectives, plans and programs of the agency or entity. It also studies the organic structure, hierarchical level and quality of human and material resources, training and training programs, division of activities and supervision. Furthermore, there is existence and application of organisation manuals, self-evaluation mechanisms, Functions, systems, procedures and controls, the facilities and the environment in which it is developed, depending on the operation efficiency and the cost savings.
The result of the administrative audit is an opinion on the administrative efficiency of the entire unit or entity.
The financial audit involves the review of the financial information of a company on a given date and is performed before the presentation of the financial statements (usually on an annual basis).
Before the date on which the opinion will be issued.
The main objectives are:
After the date on which the opinion will be issued
The main Objective:
Evaluate the operational effectiveness of the organisation's internal controls (for example, authorisation of transactions, reconciliations of accounts, separation of functions), including general IT controls. If internal controls are effective, this will reduce (but not eliminate) the amount of work of the auditor.
After the date on which the opinion will be issued. Collect audit evidence that supports the figures collected in the financial statements are reliable and in accordance with standards and legislation.
Material and methods:
After the date on which the opinion will be issued.