In God we trust, all others we audit
Management audit and control is a new concept in auditing. The area of Management audit is beyond conventional audit. Management audit detects and diagnoses the innate bottlenecks faced by the management and suggests control to avoid and solve the problems.
Management Auditors advise the management on various matters related to the performance of various departments as well as of the organization as a whole.
Benefits:-
- Effective and efficient achievement of the set objectives
- Creates strong communication/Information system
- Evaluation of the performance of management
- Facilitates sound Budgetary Control of the organizations
- Resource management
- Risk Mitigation
