Management Audit
Definition | Templates | Audit Criteria Repository (Syaan is mocking)
Definition
Management Auditing is a systematic, purposeful, organised and objective examination of Institutions’ activities, functions, programs, systems, practices and processes. It assesses the extent to which resources are managed efficiently and economically and the extent to which accountability relationships are served. It provides the Institutions’ management an assessment of their performance and recommends better practices for more effective management and operation.
1. Adherence by the entities to ethical principles, guidance, and best practices
2. Improving the entity governance structure(s) and broad management practices
3. Developing management capability for strategic planning and achieving inter-entity synergies
4. Instilling accountability structures and relationships as well as overall management stewardship
5. Improving quality management and quality control systems
6. Evaluating entity operations in terms of economy, efficiency, effectiveness, and exposure
1. Governance
2. Reporting
3. Marketing
4. Strategic Planning
5. Risk Management
6. Communication
7. Organizational Structure
8. Human Resources
9. Performance Management