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Improved Effectiveness And Efficiency
Audit recommendations identify ways to
- Maximize City revenues or identify opportunities for new revenues or cost savings;
- Manage or utilize City resources, including public funds, personnel, property, equipment and space in an economical and efficient manner; and
- Identify causes of inefficiencies or uneconomical practices, including inadequacies in management information systems, internal and administrative procedures, organizational structure, use of resources, allocation of personnel, purchasing policies and equipment.
Audits help the auditees to
- Safeguard assets;
- Check the accuracy and reliability of accounting data;
- Detect unauthorized transactions and unauthorized access to assets that could result in unauthorized acquisition, use, or disposition of assets;
- Ensure compliance with laws, regulations, policies, procedures, or generally accepted industry standards; and
- Achieve the desired program results.
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