Which type of audit evaluates internal controls to ensure effective resource management?

The type of audit that evaluates internal controls to ensure effective resource management is a Value for Money Audit. This audit focuses not only on the financial aspects but also on the efficiency and effectiveness of resource usage. It assesses whether an organization is using its resources in the best possible way to achieve its objectives, ensuring that the money spent provides adequate value and benefit.

In a Value for Money Audit, aspects such as economy, efficiency, and effectiveness are critically analyzed. The audit examines if the inputs and processes lead to the desired outputs and outcomes, thus affirming the role of internal controls in managing resources effectively. This aligns with the overarching goal of ensuring that resources are not just allocated but managed efficiently to achieve optimal results.

While a System Audit focuses on the processes to ensure systems are functioning as intended, an Operational Audit assesses the performance of organizational units, looking at specific operational functions. A Social Audit examines the social and environmental impacts of an organization's activities, which is distinct from the financial efficiency aspect looked at in a Value for Money Audit. Therefore, the focus of resource management aligns precisely with the objectives of a Value for Money Audit.