0
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
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoimportance and objectives of management audit
Add your answer:
Earn +20 pts
What is the importance of ict in store and material management?
what is the application of ICT in stores management
What are the importance of home management?
Home management increases your chances of having a happy life. You have to manage your finances and your children in order to be successful.
What are the Objectives of cash management?
Objectives of financial management: 1. Profit Maximization 2. Wealth Maximaization 3. Find out appropriate sources of finance when a business needs to raise funds. i.e. Loans, shares issue...
Difference between strategic marketing and strategic management?
Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. It is the highest level of managerial activity, usually performed by an organization's Chief Executive Officer (CEO) and executive team. Strategic management provides overall direction to the enterprise. Strategic management is a combination of strategy formulation and strategy implementation. "Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to satisfy customers." Marketing management is a business discipline focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities. Marketing managers are often responsible for influencing the level, timing, and composition of customer demand in a manner that will achieve the company's objectives.
What is market selection?
It is the process of identifying the market that best suits the objectives and capabilities of the firm.
What has the author William Acar written?
William Acar has written: 'The organizational audit and analysis' -- subject(s): Management audit, Management by objectives
Narrate the objectives and elements of productions and operations management?
define the operational Management and objectives and importance of operational Management ?
Explain the importance and objecties of management audit?
I AM REKHA STUDING MBA CORRESPONDENCE
Importance of project?
The importance of a project is determined by the objectives and the goals expected. The importance of the project will also influence the management controls that are to be put in place.
What has the author Henry A Butt written?
Henry A. Butt has written: 'Value for money in the public sector' -- subject(s): Management audit, Management by objectives, Program budgeting, Public Finance
What is the purpose of the Institute of Internal Auditors' internal audit function?
The internal audit function is to ensure that an organization meets its objectives through a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance
How is the scope of an audit established?
It is established by determining the boundaries for the engagement and should reflect the audit objectives
What is the meaning of 'Audit Management'?
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.
Objectives of management reporting?
objectives or purpose of management reporting
What is the importance of marketing audit in an organization?
9okjokrrmkpmkpo5myr
What is the difference between cost audit and management audit?
Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
Discuss the concept of management objectives?
Management objectives refer to setting goals. This is a process in which management and employees set objectives, understand, and agree on their role in meeting that objective.
