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Home > QFINANCE Dictionary > Definition of management audit

Definition of

management audit

General Management

assessment of systems and procedures of organization a structured review of the systems and procedures of an organization in order to evaluate whether they are being conducted efficiently and effectively. A management audit involves establishing performance objectives, agreeing the standards and criteria for assessment, and evaluating actual performance against targeted performance.

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Definitions of ’management audit’ and meaning of ’management audit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’management audit’ and other financial terms with our online QFINANCE Financial Dictionary.

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