MianKhameed

Font Size

Screen

Profile

Direction

Menu Style

Cpanel

Management Audit

The management audit is a comprehensive and through examination of an organization or one of its components. The audit is implemented to identify problems or significant weaknesses in the organization or corporation, thus providing management with a tool to address and repair the problem area. The process is more an audit of management for improving further resulting in enhancing corporate profits.

Frequently a business manager is so closely involved in the firm’s operation that he never recognizes its primary problem areas. The typical owner, working with the firm’s problems daily, finds it difficult to view them objectively. As a result, he has difficulty assessing the need for changes in policies and procedures to meet fast-changing business conditions.

The following series of questions is designed to assist the business manager in candidly and honestly evaluating strengths and weaknesses and defining opportunities and potential difficulties. It is a beginning point for the owner to create a plan to improve the company’s performance.

The audit follows a logical, step-by-step format as under:

INTERNAL REVIEW:
EXTERNAL REVIEW:

Properly used, the management audit offers pertinent suggestions for improving managerial and business performance. The areas to be covered in management audit are:

1. YOURSELF
2. STRATEGIC PLANNING
3. ORGANIZATIONAL STRUCTURE
4. HUMAN RESOURCES MANAGEMENT
5. ACCOUNTING SYSTEM
6. BUDGETING AND EXPENSE CONTROL
7. CASH MANAGEMENT
8. TAXES AND LEGAL OBLIGATIONS
9. RISK AND INSURANCE
10. PURCHASING
11. MARKETING AND SALES PROMOTION
12. LOCATIO
13. PRICING
14. PLANNING FOR GROWTH

You are here: Services Management audit