value-for-money auditing

value-for-money auditing
VFM An alternative term for Operational auditing. The term is frequently used in the United Kingdom and countries with a history of British influence, in the context of *public sector auditing, for audits that assess the Three E’s of the *economy *efficiency and *effectiveness. Further reading: Flesher et al. (2003)

Auditor's dictionary. 2014.

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