MANAGEMENT AUDIT Management Audit is a process of critical monitoring and examining the conduct of business from Management level to Shop level, in order to ascertain whether sound management prevails throughout the organization, thus facilitating the most effective relationship with all its stakeholders or the governing authorities and the most effective and seamless functioning of Business processes internally. Management Audit is an exercise of Systematic evaluation of the policies and practices of an enterprise's management in the administration and use its resources, tactical and strategic planning, and employee and organizational improvement. This involves management aspects like organizational objectives, policies, procedure, structure, system, processes and control measures in order to check the efficiency and performance of the Company. Through Management Audit an enterprise's management competencies and capabilities are analysed and assessed, and also their effectiveness evaluated, with regard to the strategic objective and business. The ambit of Management Audit is unduly wide and extensive. It includes all the functions of an enterprise | 1) Objective and Strategy | | 2) Management and Business Structure | | 3) Operational | | 4) Execution | | 5) Management and Administrative Planning | | 6) Budgeting | | 7) Resource Management | | 8) Sales and Marketing equipment | | 9) Management Information systems
This wide spectrum of area extends to the recent past, present and future operations and also covers external issues as well as internal concerns.Due Diligence Reviews & Investigation.The acquiring of a business carries with it a number of risk in areas include: financial, legal, &Litigation, markets and products, management and work force, and unsecured liabilities. The firm compiles a work plan to meet the client goals, expectations and concerns, ensuring smooth acquisition. |
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