Audit

Work performed following the Government Accountability Office’s Government Auditing Standards in examining financial statements and in reviewing (1) compliance with laws and regulations, (2) economy and efficiency of operations, (3) effectiveness in achieving program results, and (4) allowable costs claimed against the Department.

A planned and documented activity performed to determine by investigation, examination, or evaluation of objective evidence the adequacy of and compliance with established procedures, instructions, drawings, and other applicable documents and to determine the effectiveness of implementation. An audit should not be confused with surveillance or inspection activities performed for the sole purpose of process control or product acceptance.

An independent assessment of an entity's operations, at all levels of the government. The scope of an audit varies, but usually includes an assessment of effectiveness, efficiency, and compliance to legal requirements