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>I guess the primary purpose of the audit is to make all the numbers add up, and maybe that can inform cost-saving decisions down the road That's right - the,
by NovemberWhiskey 3y ago
>I guess the primary purpose of the audit is to make all the numbers add up, and maybe that can inform cost-saving decisions down the road
That's right - the, not unreasonable basis, is that you can't make informed decisions about whether you're getting good value for money, or how to change allocations, unless you've transparency into what that money actually does.
It's approximately the same reason why financial statements and their audits are relevant in the private sector - just substitute "investors" for the "the public, with Congress as proxy".
- importantbrian 3y agoAlso, audits are not 100% about saving money. They're also there to enforce conformity to standard accounting practices and try to make sure the books aren't getting cooked. Even if the books aren't getting cooked the only way you can be sure of that is to go through the audit process.