THE CYCLIC STRUCTURE OF PERFORMANCE AUDITING IN PUBLIC SECTOR

Contemporary public management models require significant changes of the involved tools and techniques. It has switched from the analysis and processing based on historical data to methods based on correlated projections and internationally recognized rules. The performance audit need to be integrated in management mechanisms and should be developed flexible and adaptive, to provide operative information necessary to make decisions that leads to objectives achievement. The real performance can be achieved by combining the three E’s (economy, efficiency and effectiveness), only if long-term performance is provided. The goal of this paper is to highlight specific issues of the cyclic structure of performance audit implementation in public sector.