Academic journal article The Government Accountants Journal

A Good Performer

Academic journal article The Government Accountants Journal

A Good Performer

Article excerpt

The Performance Process and Performance Audit Findings: An Explanation of Terms William Costello Tennessee Valley Publishing 70 pages, $20

Reviewed by: Ronell B. Raaum, CGFM

This new book, bya member of the audit fraternity,takes a fresh and thoughtful look into the conceptual framework of findings for performance audits.

In the mid to late 1970s, Donald Scantlebury, Edward Stepnick and others took a special interest in exploring the fundamental nature of performance audit findings. Those pioneers surely recognized that a firm grasp of the theoretical underpinnings of audit findings by individual auditors would lead to better performance audits. Little on the conceptual framework of performance auditfindings has been published in recent years, until now. William Costello is likely to rekindle interest in this important subject with his new handbook on performance and performance audit findings.

The contribution of Costello's handbook to performance auditors is attributable to the clear distinctions he draws between how events actually occur, referred to as the "performance process," and how events are audited and characterized in performance audit findings. Costello depicts the "performance process" as comprising three parts: performance goal, performance conversion and the performance reality. His graphical depiction of the performance process is instructive and is worthy of inclusion in management textbooks. …

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