Management Audit is an assessment of the competencies and an analysis and capabilities of a company\u2019s management in carrying out corporate objectives.<\/p>\n
It is an audit to examine, review and appraise the various policies and actions of the management on the basis of certain objective standards. It attempts to evaluate the performance of various management process and functions.<\/p>\n
It is important to stress that the management audit asses the overall management of the company, not the performance of individual managers.<\/p>\n
It is valuable tool to determine the functions, accomplishment, efficiency and achievements of the company. It is an independent and systematic analysis and evaluation of company overall activities and performance.<\/p>\n
Objective of Management Audit:<\/strong> Scope of Management Audit:<\/strong> Advantages of \u00a0Management Audit:<\/strong> It has Following Steps:<\/strong><\/p>\n Management Audit is an assessment of the competencies and an analysis and capabilities of a company\u2019s management in carrying out corporate objectives. It is an audit to examine, review and appraise the various policies and actions of the management on the basis of certain objective standards. It attempts to evaluate the performance of various management …<\/p>\n","protected":false},"author":1,"featured_media":502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[230,227,228,229],"class_list":["post-501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-advantages-of-management-audit","tag-management-audit","tag-objective-of-management-audit","tag-scope-of-management-audit"],"yoast_head":"\n
\n1) Improve efficiency of the management.
\n2) Ensure optimum utilization of resources.
\n3) Point our Deficiencies.
\n4) Help management by providing early signals.
\n5) Evaluate plan and policies.
\n6) Anticipate problem and suggest remedies.
\n7) Increase Profit
\n8) Find out weak points in internal control system.<\/p>\n
\nA management Audit is vast as compared to financial review because it is not only evaluate finance but also other feature of the company.<\/p>\n\n
\n1) It is helpful in making plan, objectives and policies of the management.
\n2) It is helpful to evaluate the performance of management.
\n3) It is helpful in resource management.
\n4) It is helpful in preparation of budgets of organisations.
\n5) To establish good relations with employees.
\n6) It is very helpful to create strong communication system with outsiders and within the various department.<\/p>\n\n