2024 Performance Auditing Made Easy
1.50 Credits
Member Price $59
Non-Member Price $79
Overview
Unlike a traditional financial audit objective (Are the financial statements materially misstated), performance auditing can address a wide variety of objectives. Is this program working? Can it be improved? Where can we save money? How can we operate more efficiently and effectively? Are management’s assertions supported? And so forth. This session will explain what a performance audit is, describe the applicable standards, and provide examples that indicate the value of a performance audit. Performance audits can add value to any entity and practitioners can profit from adding these assurance services to their practices.
Highlights
- Performance audit standards
- Performance audit types
- Performance audit objectives
Prerequisites
None
Designed For
Accountants and auditors at all levels
Objectives
- Differences between financial and performance audits
- Performance audit standards
- Performance audits and direct engagements
- What a performance audit is
- Why performance audits are valuable
Preparation
None
Leader(s):
Leader Bios
David Cotton, Chairman, Cotton & Company, LLP
Dave Cotton is founder and Chairman Emeritus of Cotton & Company, Certified Public Accountants, headquartered in Alexandria, Virginia. Cotton & Company was founded in 1981 and has a practice concentration in assisting Federal and State agencies, inspectors general, and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than three dozen Federal inspectors general as well as numerous other Federal and State organizations, programs, activities, and functions. In April 2022, Cotton & Company became a subsidiary of Sikich LLP.
Dave has a BS in Mechanical Engineering and an MBA in Management Science and Labor Relations.
In May 2022, Governor Glenn Youngkin appointed Dave to the Virginia Board of Accountancy.
Non-Member Price $79
Member Price $59