PERFORMANCE AUDIT
\pəfˈɔːməns ˈɔːdɪt], \pəfˈɔːməns ˈɔːdɪt], \p_ə_f_ˈɔː_m_ə_n_s ˈɔː_d_ɪ_t]\
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A complete performance appraisal taken of the internal controls of the firm ,as well as the level of efficiency as well as effectiveness of the processes that are taking place. It does not take in to account the financial performance of the firm.
By Henry Campbell Black