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Performance audits specifically focus on assessing the effectiveness and efficiency of government programs and operations. These audits determine whether programs are achieving their intended outcomes and whether resources are being utilized optimally. The aim is to provide insights that can enhance the overall performance of government services, ensuring they are both effective in achieving objectives and efficient in terms of resource allocation.

In contrast, while financial statement accuracy, compliance with laws, and internal controls are important aspects of government operations, they fall under different types of audits. Financial audits check for the correctness of financial statements and adherence to accounting principles, compliance audits ensure that laws and regulations are being followed, and internal control evaluations assess the effectiveness of systems in place to manage risks and safeguard assets. Performance audits uniquely target the value and impact of programs rather than their financial accuracy or legal compliance.