Define: Value For Money Audit

UK Accounting Glossary

Definition: Value For Money Audit


Quick Summary of Value For Money Audit


An audit of a governmental department, charity or other not-for-profit organisation to assess whether or not it’s functioning efficiently and giving value for the money it spends.



What is the dictionary definition of Value For Money Audit?

Dictionary Definition


A value for money audit is an audit of a governmental department, charity or other non-profit organisation to assess whether or not it’s functioning efficiently and providing value on the money it spends.


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Value For Money Audit FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/value-for-money-audit/
Modern Language Association (MLA):
Value For Money Audit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 21, 2020 https://payrollheaven.com/define/value-for-money-audit/.
Chicago Manual of Style (CMS):
Value For Money Audit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/value-for-money-audit/ (accessed: January 21, 2020).
American Psychological Association (APA):
Value For Money Audit. PayrollHeaven.com. Retrieved January 21, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/value-for-money-audit/

Definition Sources


Definitions for Value For Money Audit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th May 2019.