Efficiency can be defined as the ability to produce useful output from the factors of production; to speak of an efficient operation, it is necessary to obtain the maximum output from a given input, or a given output with the minimum input.
In this context, an efficiency audit is a form of audit aimed at determining the actual level, or the level that ought to exist, between resources (inputs) and goods and services (outputs).
Within the efficiency audit service we provide at Tenet, we carry out the following activities.
- Identifying the main areas of activity of the business
- Determining the financial performance of its main activities
- Analysis of sales of goods and services produced, and cost and profit analyses per product / service
- Physical and book inventory work on cash and cash equivalents
- Budget analysis (review of the forecast and actual budget, analysis of deviations from targets)
- Audit of the internal processes of the business (analysis of purchasing, warehouse, accounting, finance, human resources and similar processes)
- Preparing a special purpose report for management containing the assessments, opinions and recommendations resulting from the audits