Frequently Asked Questions 1. What is a public sector audit? A public sector audit reviews the financial records, operations, and compliance of government and public sector entities. 2. Why is a public sector audit important? It helps improve financial transparency, accountability, compliance, and the effective use of public funds. 3. What does a public sector audit cover? It may cover financial statements, internal controls, transactions, compliance, and operational processes. 4. How does a public sector audit identify financial risks? Auditors review records and controls to identify errors, irregularities, inefficiencies, and potential compliance gaps. 5. How can professional auditors support public sector entities? They can provide independent audit services, identify control weaknesses, and help improve financial reporting and compliance.