Expenditure Audit

An expenditure audit involves the systematic review and evaluation of an organization’s spending activities and financial records to confirm that all expenditures comply with approved budgets, financial regulations, and internal control procedures. The purpose of this audit is to identify inefficiencies, detect irregularities, and prevent misuse of funds, thereby enhancing transparency and accountability in financial operations.

Example: The Comptroller and Auditor General (CAG) of India performs expenditure audits of various government departments to ensure that public money is utilized effectively and solely for its authorized purposes.