Performance auditing can lead to more efficient, effective, and economical program delivery and stronger internal controls within local governments. Surprisingly, many audit functions within local governments in Canada are still conducting few or no performance audits. To understand why they are lagging behind their U.S. counterparts, researchers surveyed auditors within all the major cities in the United States and Canada. This article provides highlights of the study from a Canadian perspective. The full report is available at http://www.theiia.org/bookstore.
Time Spent on Performance Auditing
Survey results show that auditors in Canadian cities are spending 10% less time than their U.S. counterparts conducting performance audits because barriers to performance auditing are considerably higher in Canada.