ObjectivesThe primary objectives of Olajide and Associates ‘s value for money audit are to:
- provide an independent information and advice about how economically, efficiently and effectively departments, agencies and other central government public bodies have used their resources;
- encourage audited bodies to improve their performance in achieving value for money and implementing policy; and
- identify good practice and suggest ways in which public services could be improved.
Olajide and Associates seeks to promote better value for money by highlighting and demonstrating to audited bodies ways in which they could make improvements to realise financial savings or reduce costs; guard against the risk of fraud, irregularity and impropriety; provide a better quality of service; strengthen and enhance their management, administrative and organisational processes; and achieve their aims and objectives more cost-effectively.
Olajide and Associates carries out VFM audits in Government Agencies and other public bodies where appointed as auditor or has rights of access and inspection.
The Federal Government has power to commission a local government auditor to undertake VFM studies in relation to the provision of services by Local Councils. Olajide and Associates is capable of rendering this service if given the opportunity