Leading opinions on performance auditing

Increased competition, a shrinking world, the decentralisation of operations as well as the desire of management to monitor the overall operations of the organisation has increased the number of internal auditors finding themselves involved in performance audits (also known as operational or value-for-money auditing). Such a shift enabled internal audit – with the objectives of its perspective and the rigor of its processes – to once again become an independent advisor and value creator to management.

SAICA definition of performance auditing

Auditor-General's perspective

KPMG - expanded focus