Chamber of Control of Georgia

The most common types of CCG audits are Financial, Compliance and Performance audits.

Financial audit embraces:

• Attestation of financial accountability of accountable entities, involving examination and evaluation of financial records and expression of opinions on financial statements;
• Attestation of financial accountability of the government administration as a whole;
• Audit of financial systems and transactions, including an evaluation of compliance statutes and regulations;
• Audit of internal control and internal audit functions; 
• Audit of the probity and propriety of administrative decisions taken within the audited entity;
• Reporting of any other matters arising from or relating to the audit that the CCG considers necessary to disclose.

As part of the Financial audits, CCG expresses opinions as to whether the financial statements fairly present the financial position and financial results of the entity.

A Compliance Audit is a study and analysis of the legality and purposefulness of the expenditure and usage of public funds and public assets.

The goal of performance audits is to provide information on efficiency of utilization of the State and local government resources and management of property.  During performance audits the auditors examine economy, efficiency and effectiveness of the audited entities.

See more information: What is an Audit