Performance auditing is a technique used by internal auditors to evaluate the economy, efficiency and effectiveness of the organisations’ operations so as to assure management that its strategic objectives are being carried out and whether or not they can be improved on. The scope of the audit is expanded beyond the verification of financial controls or compliance with policies as it looks for the existence of management measures such as leadership, employee empowerment, teamwork, risk assessment, management information, communication, resource allocation, productivity measurement, etc. Performance auditing therefore requires flexibility, imagination and analytical skills to provide organisations with innovative solutions and new ideas.

Performance auditing is often a huge step for an organization but as with every new initiative, the potential benefits to be gained significantly outweigh the efforts to get there.

KPMG have a dedicated team of performance auditors who specialize in assisting public and private sector clients with performance audit related services. 

Key services include the following:

Provision of high-level awareness workshops and training courses, tailor-made to address the requirements of clients in understanding the concepts, procedures and working methodologies associated with performance auditing.

Assistance to public sector clients to ensure adherence to the statutory requirements regulating the concepts of economy, efficiency and effectiveness, as specified in the Public Finance Management Act 1999, and Municipal Finance Management Legislation.

Assistance to internal audit functions in developing step-by-step performance audit manuals to guide them in conducting their own performance audits. We also perform peer reviews to evaluate and report on the performance auditing approach and methodologies in use by clients’ internal auditors.