The Board conducts its audits from the aspects of i) whether or not the statements of accounts accurately reflect the financial status such as the execution of the budgets (Accuracy), ii) whether or not the financial transactions are properly processed in conformity with the approved budgets, laws and regulations (Regularity), iii) whether or not the implementation of projects and programs or budget execution is administered with the minimum cost (Economy), iv) whether or not the projects and programs gain the maximum result with the given cost or have the best cost-efficient outcome (Efficiency), v) whether or not the projects and programs achieve the intended objectives and produce the expected effects (Effectiveness) and others.
The audit from the aspects of Economy, Efficiency and Effectiveness is collectively called as ‘3E audit’ from initial letters of each word.

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