What functions do government audits serve in accountability? 🔊
Government audits serve several essential functions in ensuring accountability and transparency within public institutions. They assess whether agencies are operating efficiently and in compliance with applicable laws. Audits can identify mismanagement, waste, or fraud, prompting corrective action. Additionally, they promote public trust by enhancing the transparency of government operations, allowing stakeholders to hold officials accountable for their performance. By informing lawmakers and the public about fiscal matters, audits play a vital role in optimizing resource allocation and ensuring that taxpayer funds are used effectively and responsibly.
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