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Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
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.
Management Letter Comment
Internal audit reveals to management whether internal control procedures are duly followed or not.
doing internal audit and help management
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
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.
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Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
What is strategic audit? Explain its relevance to corporate strategy and corporate governance
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.
The importance of an internal audit is to make sure that accounts are being handled the way they are supposed to be handled according to the laws of the state. Another reason for an internal audit might be to prevent fraud or theft.
Management Letter Comment
various types of audit
Internal audit reveals to management whether internal control procedures are duly followed or not.
In a compliance audit, an organization's management asserts that the organization or individual is complying with specific laws and/or regulations.