value for money audit

Definition

Independent audit of a not-for-profit organization (government agency or unit, charity, trust, etc.) to assess the effectiveness and efficiency of its utilization of funds. It is employed where the standard commercial performance (profit oriented) measures cannot be used. Also called value for money analysis.


value for money audit is...

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z