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. These audits often focus on areas such as cost-effectiveness, compliance with regulations, and overall performance metrics. Typically conducted by independent auditors, performance audits provide valuable insights that help organizations improve their processes. They can be applied in various sectors, including government agencies, non-profits, and private companies. The findings from these audits can lead to better decision-making and enhanced accountability within the organization.