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What do you mean by Management Audit?
Management Audit means the complete investigation about the products as well as the performance of a company. This is a complete systematic way through which managers keep their eyes on the various factors. If they find out any problem in any matter, then it must be improved. Thus, organization does not want to make mistake and managers always take care of their plan.
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What are the factors that need to be examined in Management audit?
- Organizational Objective.
- Policies.
- Procedures.
- Structure.
- Control and system.
These are perfect to check the management’s performance or efficiency over the company’s activities.
What are the objectives of Management audit?
The objectives of management audit are as follows-
- Establish the recent level of effectiveness.
- Perfect guidelines for organizational restructuring.
- Increased level of quality, service and management.
- Improvement suggestions.
- Introduction of information system of management.
- Excellent use of resources.
- Laydown standards in case of future performance.
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