Management Audits

  • Risk based Internal Audits
  • Concurrent Audits, System Audits, and Credit Audits of Banks
  • Due diligence Reviews & Search Reports
  • Valuation & Feasibility studies
  • Investigation Audits
  • Stock Audits for Management and Banks
  • Risk Advisory Services

Management Audit is a systematic examination of decisions and actions of the management to analyse the performance. Management audit involves the review of managerial aspects like organizational objective, policies, procedures, structure, control, and system in order to check the efficiency or performance of the management over the activities of the Company. Unlike financial audit, management audit mainly examines the nonfinancial data to audit the efficiency of the management. Somehow audit tries to search the answer of how well the management has been operating the business of the company? Is managerial style well suited for a business operation? Management Audit focuses on results, evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures, and methods. Management Audit is an assessment of methods and policies of an organization’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement. Management Audit is generally conducted by the employee of the company or by the independent consultant and focused on the critical evaluation of management as a team rather than an appraisal of the individual.

Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s risk management and internal control system. Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.