management audit

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Management Audit

A measurement and report of the effectiveness and results of certain business procedures. Management audits are usually performed internally, and check to see that procedures have their intended effect. Unlike a compliance audit, which simply ensures that procedures are being followed, management audits challenge the assumptions and goals of procedures, with an eye toward improving efficiency. A management audit may recommend changes in procedures resulting from observed inefficiencies in existing procedures. See also: Audit, Assurance.

management audit

A detailed audit that concentrates on analysis and evaluation of management procedures and the overall performance of an organization. A management audit is undertaken to discover weaknesses and to institute improvements within the organization. Also called operational audit, performance audit.
References in periodicals archive ?
The contract covers the design, construction and commissioning of the integrated information system understand the components administrative accounting, HR, clinical health care; They will also be provided support services, maintenance and application support.
Recommendation: The Acting Director of the FHFA should direct the Chief Financial Officer to enhance FHFA's Administrative Accounting Manual by incorporating specific, detailed steps for the Contracting Officer Technical Representatives (COTR) review of contract balances, including the use of the open obligations report provided by BPD in the COTR review process.
Problems were compounded by the fact that there was no common data available to be shared between the Financial Aid and Administrative Accounting offices, so errors and stop payments on paper checks were costly for the school
The idea is that operational data from an organization's administrative accounting, human resources, purchasing apps - in ERP and other software - is captured and processed by the Solix iOperations server.
Included are: administrative accounting and financial services; upstream and mid-stream property operations; exploration and exploitation services; corporate and property acquisitions, due diligence and divestitures; and hydrocarbon marketing and risk management.
As your knowledge and comfort levels grow, it may also reduce your administrative accounting costs.
The doubling in size of the FAO market over the past two years historically was fueled by cost arbitrage made possible by organizations offshoring many of their administrative accounting processes.
Torch Energy Advisors Incorporated, an employee-owned company headquartered in Houston, Texas, provides outsourcing services to the energy industry, including (i) administrative accounting and financial services, (ii) upstream and mid-stream property operations, (iii) exploration and exploitation services, (iv) corporate and property acquisitions, due diligence and divestitures, and (v) hydrocarbon marketing, and risk-management.
TCS America/Intelenet will provide Household with services, including online information, customer relationship management (CRM) and call center support, back office data processing and administrative accounting.
The solution provides post-trade processing and technology services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting.
The project will replace CMS' own internal administrative accounting systems and the accounting systems used by 53 intermediaries and carriers to capture Medicare financial data.
ECB administrative accounting policies (based primarily on International Financial Reporting Standards (IFRS)), procedures, practice and tools; 2.

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