PERFORMANCE AUDIT
Keywords:
Audit, budget, budget beneficiaries, supreme audit institutionAbstract
The performance audit is a process of examining how budget beneficiaries and other beneficiaries of public funds are spending funds from the budget for the purpose of gathering sufficient material evidence whether audit subjects use the allocated funds in accordance with the principles of economics, effec-tiveness and efficiency, and whether planned business activity is respected.
This article explains in detail the performance audit as one of the elements of the audit conducted by the supreme audit institution in the country, spe-cifically in the Republic of Serbia, the State Audit Institution, the profes-sional and legal basis for conducting a review of its purpose and parallels with the revisions of purpose in the world.
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