Government Audit

National Audit Office (NAO)
An independent body established in 1983 to audit government departments and other public bodies, ensuring the economy, efficiency, and effectiveness of resource use.
Value for Money Audit (VFM Audit)
A value for money audit (VFM audit) is an audit of a government department, charity, or other non-profit organization to assess whether it is functioning efficiently and delivering value for the money it spends.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.