Missouri Laws 29.185 – Conducting of audits, requirements
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Terms Used In Missouri Laws 29.185
- Audit: an independent, objective assessment of the stewardship, performance, or cost of government policies, programs, or operations, depending upon the type and scope of the audit. See Missouri Laws 29.005
- Internal control: the plans, policies, methods, and procedures used to meet an entity's or organization's mission, goals, and objectives. See Missouri Laws 29.005
- Performance audits: audits that provide findings or conclusions based on an evaluation of sufficient, appropriate evidence against identified criteria. See Missouri Laws 29.005
- United States: includes such district and territories. See Missouri Laws 1.020
When conducting an audit under this chapter, the audit objectives as defined in the standards established by the comptroller general of the United States shall determine the type of audit to be conducted which may include financial and performance audits. Neither the audit type nor the audit objectives shall be mutually exclusive. An audit may include either financial or performance audit objectives or one or more objectives from both types of audits. A performance audit may include one primary objective, such as economy and efficiency, or a combination of objectives, such as internal control and compliance.