A Performance Audit is an evaluation process that assesses the efficiency and effectiveness of an organization's operations, programs, or projects. It aims to determine whether resources are being used optimally to achieve desired outcomes. This type of audit often focuses on specific areas, such as financial management, compliance with regulations, and overall performance metrics. The results of a performance audit can help organizations identify areas for improvement, enhance accountability, and ensure that they are meeting their goals. By providing objective insights, a performance audit supports better decision-making and can lead to more effective use of public or private resources, ultimately benefiting stakeholders and the community at large.