Glossary

Partial sampling

A partial sample is a selection technique used in the audit. In order to form an opinion about a population, a selection of items for review is made on the basis of certain characteristics of that population as a whole. (deelwaarneming)

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Pension

A regular payment made during a person's retirement from an investment fund to which that person and/or their employer has contributed during the person's working life. (pensioen)

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Performance audit

Sometimes referred to as a 'value for money' audit, assesses efficiency and effectiveness of public programs and policies in achieving objectives. (doelmatigheidsonderzoek)

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Political authority

A natural person appointed to political office in accordance with the Constitution and other relevant laws of St. Maarten: such as members of Parliament and Ministers. (politieke gezagsdragers)

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