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Which of the following is not a fact of EPA?
Economic audit.
Efficiency audit.
Expenditure audit.
Effectiveness audit.
- Economic audit: Measures whether resources have been acquired economically, used efficiently, and the desired objectives achieved. It evaluates cost-effectiveness.
- Efficiency audit: Reviews whether the entity's operations are carried out with maximum productivity. It looks at the relationship between input and output to ensure minimal waste of resources.
- Expenditure audit: Involves examining financial records to ensure that spending aligns with documented expenses. It's typically not part of the standard EPA evaluations.
- Effectiveness audit: Assesses how well an organization achieves its goals and objectives and the impact of its activities.
Correct Answer: Option 3 - Expenditure audit.
By: Parvesh Mehta ProfileResourcesReport error
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