Audit & Attestation
Management Audit
Independent appraisal of management systems, controls and operating efficiency.
Overview
Management audit is a review of the effectiveness of an entity's management systems, organisational structure, delegation of authority and decision-making processes. It examines whether resources are being applied economically, efficiently and effectively.
The engagement is advisory-and-appraisal in nature and is undertaken in accordance with the applicable professional standards and the terms recorded in the engagement letter.
Scope & areas covered
- Appraisal of organisational structure and delegation of authority
- Review of management information and reporting systems
- Assessment of operating efficiency and resource utilisation
- Evaluation of policy compliance and internal control design
Related professional topics
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Professional notes and publications related to this service area.
