In this article we will discuss about:- 1. Meaning of Management Audit 2. Objective of Management Audit 3. Scope 4. Weaknesses. Meaning of Management Audit: "Management audit can be defined as an objective and independent appraisal of the effectiveness of managers and the effectiveness of the corporate structure in the achievement of company objectives and policies. Its aim is to [...]
After reading this article you will learn about Management Audit:- 1. Management Audit Concept 2. Management Audit Scope. Management Audit Concept: Management audit may be defined as the systematic and dispassionate examination, analysis and appraisal of management's overall performance. It takes into account both financial and non-financial factors including economic environment, their effect on the administration and goals of the [...]
This article provides notes on Management Audit Criteria. The management functions are fundamentally of two types—qualitative and quantitative. Even if quantitative criteria or standards are identifiable or determinable and auditable, the qualitative aspects are difficult to audit. With respect to Management Audit, the objective is to identify for management the typical problems the company faces in the management of its [...]