Which audit type evaluates whether projects achieved expected objectives and benefits?

Which audit type evaluates whether projects achieved expected objectives and benefits?

• A. Compliance audits
• B. System-based audits
• C. Post-completion audits
• D. Transaction audits

Answer: (C)

Post-completion audits focus on benefits realization. They assess whether a project actually delivered the expected objectives and whether the anticipated benefits were realized after implementation. The emphasis is on measuring outcomes against the business case, evaluating value for money, and identifying reasons for any gaps so lessons can be applied to future initiatives. This type of audit is conducted after the project is completed and benefits have had time to materialize, distinguishing it from audits that check compliance with procedures, the performance of a system, or the accuracy of individual transactions.

Post-completion audits focus on benefits realization. They assess whether a project actually delivered the expected objectives and whether the anticipated benefits were realized after implementation. The emphasis is on measuring outcomes against the business case, evaluating value for money, and identifying reasons for any gaps so lessons can be applied to future initiatives. This type of audit is conducted after the project is completed and benefits have had time to materialize, distinguishing it from audits that check compliance with procedures, the performance of a system, or the accuracy of individual transactions.