Management Audit is a systematic examination of decisions and actions of the management to analyze the performance. Management Audit focuses on results, evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures, and methods. Management Audit is an assessment of methods and policies of an organization’s management in the administration and the use of resources, tactical and strategic planning, employee and organizational improvement.
What we provide ?
We analyze and assess the competencies and capabilities of a company’s management in carrying out corporate objectives.
We evaluate the management team in its effectiveness to work in the interests of shareholders, maintain good relations with employees, and uphold reputational standards.
Advantages of it ?
A management audit is an assessment of how well an organization’s management team is applying its strategies and resources. Management audit provides information about strong and weak points of the management after reviewing policies and programs.
It helps in decision-making areas such as make or buy, closing down of a unit, acquisition of a business, etc. So, it helps to the smooth operation of an organization.
It examines the functions of management and identifies the strength and weaknesses of the management process.
Management audit provides suggestions to the management which helps to maintain effective management. It suggests ways to utilize the resources of the organization effectively.
After reviewing the defects and deficiencies, it provides appropriate suggestions that help to increase management efficiency.
Management audit helps the management providing suggestions to attain the goal of an organization. It helps to improve the communication system by keeping the whole management team under constant review.
A management audit evaluates whether the management team is working in the interests of shareholders, employees, and the company’s reputation.