This article throws light upon the ten main appraisal areas of a management audit. The appraisal areas are: 1. Economic Function vis-a-vis Social Responsibility 2. Corporate Structure 3. Health of Earnings 4. Service to the Shareholders 5. Research and Development 6. Analysis of the Board of Directors 7. Fiscal and Financial Policies 8. Production Efficiency 9. Sales Vigour 10. Executive [...]
After reading this article you will learn about Management Auditor:- 1. Qualities of a Management Auditor 2. Functions of a Management Auditor. Qualities of a Management Auditor: A management auditor should have the following specific qualities: (i) Ability to understand and gauge business problems. (ii) General understanding of the organisation. (iii) Expert knowledge on the principle of delegation of authority, [...]
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. [...]