Performance audit as an audit discipline has developed seriously since the late
1970s. Due to its developing nature, it has been noted that it lacks formal
methodologies. One such methodology is in the specific design of an audit
program; this is important as the audit program is the basis of the audit. This study
attempts to create a methodology of audit program design specifically for
performance auditing and to present this in a model format. Grounded theory will
be applied. The result indicates a methodology and model specific for
performance audit can be compiled. The methodology and model were evaluated
against SAICA and INTOSAI performance audit standards. In order to test the
methodology and model in the external environment it was applied to an existing
private sector business. No problems were identified.
The value of this research study contributes to the existing body of knowledge in
that grounded theory was applied to develop a performance audit methodology
specific to performance audit, the proposed methodology and model contributes to
audit program design within performance audit, and in the evaluation of the
methodology and model against SAICA and INTOSAI performance audit
standards. Further research is required to confirm the applicability of the
methodology and model in the private and public sectors.
Keywords
Performance audit; audit program; grounded theory; private sector; public sector;
process; risk; control; risk-based auditing; efficiency; effectiveness; economy
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/10890 |
| Date | 12 December 2011 |
| Creators | Van Vuuren, Mark J. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | application/pdf |
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