Value-for-Money Auditing (VFM)

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A value for money audit (VFM), also known as a performance audit or process audit, consists of independently assessing whether an organization uses its resources effectively, efficiently and economically. This approach evaluates how human, financial, material and information resources are managed to achieve optimal results.

At Mallette, our value for money auditing services provide organizations with a structured and objective framework to improve performance, strengthen governance, and maximize the impact of their operations. We help identify inefficiencies, reduce waste, and ensure that resources are aligned with strategic objectives.

A VFM audit goes beyond compliance. It is a powerful governance tool that supports better decision-making by assessing whether programs, processes and activities deliver expected outcomes while minimizing costs and risks. It also helps organizations enhance service quality and reduce their environmental and social footprint.

Our approach is aligned with CPA Canada standards and the International Standards for the Professional Practice of Internal Auditing (IIA). We combine rigorous methodologies with practical insights to highlight best practices and identify actionable improvement opportunities.

We focus on areas that generate the greatest value, including high-risk processes and functions with strong optimization potential. Our recommendations are realistic, measurable and tailored to your organization, ensuring tangible and sustainable results.