The definition of "Audit Management" is to be responsible for ensuring that board-approved audit directives are implemented by the right people and in the correct way.

Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory

William Acar has written:

'The organizational audit and analysis' -- subject(s): Management audit, Management by objectives

In an operational audit, the management of an organization asserts that the operations of the organization are being conducted in accordance with management's established policies and procedures.

In today business world management play very important role for the success of failure of business. Management is the life blood of every organization. So if organization want to gain competitive advantage then it should improve their management efficiency and effectiveness. Followings are the objectives of management audit:

Review of policies

review of procedures

review of methods

performance appraisal

job rotation

Depend upon auditor mind or purpose of management audit