What do you understand the term “Government Auditing”?

Auditing and Assurance Revision Questions and Answers

Answer
Government auditing is the objective, systematic, professional and independent examination of financial administrative and other operations of a public entity made subsequently to their execution for the purpose of evaluating and verifying them, presenting a report containing explanatory comments on audit findings together with conclusions and recommendations for future actions the responsible officials and in the case of examination of financial statements, expressing the appropriate professional opinion.

Government audit serves as a mechanism or process for public accounting of Government funds. It also provides public accounting of the operational, management programme and policy aspects of public administration as well as accountability of the officials administering them. Audit observations based on factual data collection also serve to highlight the lapses of the lower hierarchy, thus helping supervisory level officers to take corrective measures.



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