What is Management Audit?
Management Audit is a thorough examination of an organisation’s managerial actions, policies, and procedures. This evaluation goes beyond simple compliance, delving into the effectiveness and efficiency of management in carrying out their responsibilities. The goal of this type of audit is to ascertain how well management is executing its duties and to identify areas for potential improvement. By focusing on how managers utilize resources, align with the company’s overall strategy, and adhere to both legal and ethical standards, the audit can uncover both strengths and weaknesses within the organisation’s management structure.
When conducted properly, a management audit offers valuable insights into how an organisation can improve its operations. It highlights areas where resources might be better allocated, where policies might need updating, or where managers might benefit from additional training or support. The result of such an audit is often increased transparency, accountability, and overall performance within the management layer of the organisation.
Table of Content
- Features of Management Audit
- Objectives of Management Audit
- Uses of Management Audit
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