Objectives of conducting Value for Money audit.

The objectives of conducting value for money audit is to ascertain that reasonable efforts have been made by management of the entity to ensure the fund have been spent in provision of service in a way that maximizes the benefit to users of the services.

The Value For Money (VFM) audit focuses on ascertaining that in any activity conducted by the organization, the principle of economy, efficiency and effectiveness have been considered and adhered.

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