Initial assessment 3Es in performance auditing:
Between September 2018 and February 2019, the PAS conducted an initial assessment as part of project 3.8 in the Strategic Development Plan for the INTOSAI Framework of Professional Pronouncements 2017-2019. The objective was to assess if there was a need for more guidance material on how to obtain an understanding of Economy, Efficiency and Effectiveness (3Es) of an entity and apply relevant methods in the context of a performance audit. The project team consisted of colleagues from the United States Government Accountability Office (lead), the Auditor General South Africa, and the Office of the Auditor General of Norway. The project concluded that there is no need to expand on the so-called “3Es” (Economy, Efficiency and Effectiveness) in ISSAI 3000, but that there may be need for additional guidance or manuals on how to apply these in an audit.