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 ?
This task includes the conclusion of a framework for performing audit tasks: this can include both process audits, management audits, audits and other audits result in the context of internal control (ad hoc audit assignments).
Other features include; a jargon-free "how to" format; coverage of various audits including management audits, formal investigations and control risk self-assessments; and a set of standards that can be adapted by managers from all types of organizations to help develop a systematic way of performing internal reviews.
The grand jury investigates county and city governments, participates in fiscal and management audits, and prepares reports.
ODRC internal management audits annually evaluate compliance levels with all applicable ACA standards.
Since then, Congress has expanded the GAO's statutory authorities and frequently calls upon it to thoroughly examine federal programs and their performance, conduct financial and management audits, perform policy analysis, provide legal opinions, adjudicate bid protests and conduct investigations.
Applicable attest experience includes a combination of financial, compliance, operational and management audits, and, in some circumstances, review services.
Ferry pointed out that Carre Orban has a well-established consulting practice that provides management audits for its clients.
Basically, we're saying it will save taxpayers money by scaling down the bureaucracy, bring in management audits and fiscal controls and take power from the downtown special interests and give it back to the neighborhoods,'' said Bill Carrick, who is heading up the campaign for Riordan.
A down-to-earth approach is taken throughout The Quality Audit for ISO 9001:2000, avoiding the impractical and nit-picking methods which have so often characterized quality management audits, making it an invaluable source of realistic advice.
Baumgartner & Partner, which was formerly privately held by Commerzbank AG, PricewaterhouseCoopers and others, provides a broad range of personnel consulting services including search, advertised selection and management audits.
Telephone Management audits phone billings to identify and recover payments of incorrect communication charges made by various taxing entities and communication companies.

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