In efficiency auditing, which is defined as measuring how well the business uses its resources in producing goods or services, thrifty and efficiency are of great importance.Thrifty means minimizing the resources used for an operation, taking into account the appropriate level of quality. Efficiency, on the other hand, is the degree to achieve the goals and the relationship between the planned impact of an activity and its actual impact.
In the company, if,
- there are doubts as to whether operating resources are being used effectively,
- it is thought that the savings policies of the enterprise should be reviewed,
- it is desired to produce more with less resources,
- it is desired to achieve greater goals with available resources,
there is a need for efficiency control.
While efficiency studies, which provide the opportunity to question and increase the efficiency of the enterprises, give the businesses the habit of doing such studies, it is also ensured that the studies are followed by the senior management.
We can list the stages of efficiency audit as follows;
- The important fields of activity of the business are determined.
- The operating budgets of the business are obtained.
- The performance rates of the business are determined.
- The efficiency rates of the business are determined over the years.
- The efficiency rates of the sector in which the business is located are investigated.
- The operating processes of the business are observed.
- The operational budget and actual operations of the company are examined, the reasons for deviations are revealed.
- The efficiency performance of the business is compared with the sector averages and previous years.
- Alternative cost analyzes are made.
- A letter of recommendation is prepared to the management.