Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

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.

Related definitions of "management audit"

management audit - Related Articles
  • Total Quality Management and Internal Auditing

    Best Practice

    improvement, factual approach to decision making, and mutually beneficial supplier relationships. The ISO 9000 series of standards, with its quality principles, guidelines, and required auditing of quality management systems, is now fully supportive of TQM.
    By Jeffrey Ridley

  • Internal Audit and Partnering with Senior Management

    Best Practice

    Internal auditing in the twenty-first century imposes even greater demands on the professional internal audit staff, whose role has expanded to combine both an assurance and a consulting service to management. Internal audit charters have been broadened considerably to reflect these demands.
    By Bruce Turner

  • Managing and Auditing the Risk of Business Interruption

    Checklists

    This checklist covers the stages in preparing to manage and audit the risk of a business interruption.

  • Managing the Relationships between Audit Committees and the CAE

    Best Practice

    of interest must be maintained and policed. In addition, the audit committee has a duty to review both current and pending legislation as it relates to corporate governance within the country or countries wherein it operates. Communication is the key to good governance and includes ensuring that the financial statements presented to the shareholders are both understandable and reliable, and facilitating internal communication with senior management and internal audit
    By Richard E. Cascarino

More

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.

Back to top

Related Blog Posts

More related Blog results