• Source: Management auditing

Management audit is a systematic examination of decisions and actions of the management to analyse the performance. Management audit involves the review of managerial aspects like organizational objective, policies, procedures, structure, control and system in order to check the efficiency or performance of the management over the activities of the company. Unlike financial audits, management audit mainly examine the non financial data to audit the efficiency of the management. Audits attempt to search the answer of how well the management has been operating the business of the company. They ask questions like, "Is the managerial style well suited for business operation?". Management Audits focus on results, evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures and methods. In addition, specific focuses of management audits may include Diversity Audits, as has become more common recently.
A 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, and employee and organizational improvement. A management audit is generally conducted by the employee of the company or by the independent consultant and focused on the critical evaluation of management as a team rather than appraisal of individual.




Objectives


Establishing the current level of effectiveness
Suggest improvement
Lay down standards for future performance
Increased levels of service quality and performance
Guidelines for organizational restructuring
Introduction of management information systems to assist in meeting productivity and effectiveness goals
Better use of resources due to program improvements.
To identify the weaknesses and inefficiencies of management in different functional areas, such as production, sales, finance etc.
To analyses the different ways to overcome the inefficiencies, or weaknesses.
To critically review the organization structure.
Evaluate the ways for improving the management efficiency and to select the best
It helps the management providing suggestions to attain goal of an organization
It ensure sound objective




Audit procedures


Generally auditor deploy following audit procedures to conduct the management audit.

Questionnaire
Interview with employee and managers
Analyzing MIS and internal Business reports
Checking quality of business and its impact on P & L




See also


Audit
Internal audit
Risk-based auditing




References

Kata Kunci Pencarian:

• Manajemen Publik Baru
• Gelar profesi
• Akuntansi
• Universitas Multimedia Nusantara
• Institut Bisnis dan Informatika Kwik Kian Gie
• Studi kelayakan
• Sistem Berkas Teknologi Baru
• Abdul Anshari Ritonga
• Muhammad Akhyar Adnan
• Wahyuddin Albra
• Audit management
• Management auditing
• Change management auditing
• Audit
• Information technology audit
• Internal audit
• Audit working papers
• Financial audit
• Auditing (Scientology)
• Government performance auditing