management audit

(redirected from Administrative Accounting)

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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Talal Abu-Ghazaleh, Chairman and founder of IASCA, praised the Academy's exerted efforts in qualifying national cadres in the UAE expressing the Society's pride in the partnership to offer IASCA's programs including various training and qualification programs to practice auditing and administrative accounting; in addition to providing a number of training courses to enhance professional abilities of the Emirati accountant in accordance with the internationally recognized qualifications in this field.
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TSU's reputation - and its enrollment - suffered a blow in 2006 following an administrative accounting scandal that led to the ouster and indictment of President Priscilla Slade (who later reached a financial settlement) and the removal of the entire board of regents.
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.
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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.
As your knowledge and comfort levels grow, it may also reduce your administrative accounting costs.
C corporation [] [] [] Sales or exchanges of business property [] [] [] Shareholder distributions or transfers [] [] [] Tax savings [] [] [] Section 401(k) plan design [] [] [] Pension plan administrative accounting [] [] [] Section 125 plans [] [] [] Individual tax return of chief executive officer [] [] [] Other

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