A performance audit’s output could be expected to include information in relation to the activities or processes being audited and recommendations targeted at assisting the EMB and its oversight bodies to improve the EMB’s services to stakeholders:

Possible Performance Audit Findings and Recommendations Performance audit findings

• Strengths and weaknesses of EMBs management systems and management team.
• Strengths and weaknesses of methods used to implement relevant activities or processes.
• Constraints that may have affected the EMB’s ability to achieve objectives related to the activities being audited.
• Determination of the extent to which the activities and processes reviewed have achieved the objectives, performance levels, and service standards defined by the EMB and expected by its stakeholders.

Performance audit recommendations

• Methods of improving management, operational, and financial systems and procedures to improve performance against EMB objectives.
• Methods of using resources more economically while achieving expected quality
• Methods of using EMB resources more efficiently, reducing the cost to output ratio.
• Methods of improving EMB effectiveness by better achieving its planned objectives, performance standards, and service levels.
• Changes to the EMB’s external environment that will assist the EMB to achieve its objectives and improve service delivery, longer-term viability, and sustainability.
• Improvements to the EMB’s framework and planned results, performance standards, and service levels that would allow the EMB to meet its objectives in a manner that enhances the EMB’s service to its stakeholders.

Performance audits can have a wide range of impacts, both on the EMB and the perceptions of the EMB by its stakeholders. These impacts can include savings in use of resources, higher efficiency, strengthened management policies and practices, improved service quality, and a better understanding of accountability.