After reading this article you will learn about Management Audit:- 1. Fundamental Considerations for Management Audit 2. Selecting the Auditors for Management Audit. Fundamental Considerations for Management Audit: Management audit is conducted in the same way as that of a scientific investigation. The basic considerations of a management auditor for the efficient conduct of audit should be as under: 1. [...]
This article throws light upon the eight major circumstances leading to development of management audit. The circumstances are: 1. The Size, Scale and Complexity 2. Need to Improve Productivity 3. Granting Financial Subsidy 4. Take-Over Bids 5. Societal Need 6. Need for Periodical Check-Up 7. Foreign Collaboration 8. Equity Participation. Circumstance # 1. The Size, Scale and Complexity: Business operations [...]
After reading this article you will learn about Management Audit:- 1. Definition of Management Audit 2. Meaning & Concept of Management Audit 3. Fundamental Concepts 4. Scope and Process. Definition of Management Audit: There is no general agreement as to the precise meaning of the term: Management Audit…… The term has been defined differently by different authorities as under: 1. [...]