Global Evolution of Performance Auditing with Special Reference to Pakistan

Methodology, concept and practice of performance auditing evolved during the last four decades or so in response to developments in capitalist system, democratic traditions, public administration, financial auditing, performance evaluation, computer technology, and internet. In Pakistan it evolved around audit of public enterprises and development projects by using methodology developed by expatriate consultants. Main achievements of SAI of Pakistan are in training of auditors and development of indigenous methodology. Despite thirty years of practice, there are challenges ahead.