How is Efficiency audit defined in a legal contract?
- Efficiency audit means an investigation into the operations of a [district] to inspect financial management, effectiveness, and the use of resources. Seen in 16 SEC filings.
- Efficiency audit means a broad [building systems audit] performed by a [department]. Seen in 1 SEC filing.
- Efficiency audit means an examination of any [department's] functions and activities, for the purpose of evaluating the extent to which any such functions and activities are being conducted in an efficient, economical, and appropriate manner. Seen in 1 SEC filing.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Efficiency audit means an evaluation into operations of a [district] to inspect financial management, effectiveness, and the use of resources.
Relevant Contract Types
Relevant Circumstances
- When a third-party service provider is tasked to handle the operations of a district.
- When a district is looking to improve its financial management, effectiveness, and utilization of resources.
Relevant Sectors
Genie Definition 2
- Efficiency audit means a comprehensive examination of [department's] functions, assessing their efficiency, economy, and propriety.
Relevant Contract Types
Relevant Circumstances
- When a company wants an objective evaluation of the efficiency, economy, and propriety of a department's operations.
- When a company hires third-party auditors to increase the efficiency, economy, and propriety of their department's operations.
Relevant Sectors
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Efficiency audit means an evaluation into operations of a [district] to inspect financial management, effectiveness, and the use of resources.
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