Management audits are often necessitated by major changes in a business. Some of the events that call for a management audit are top management changes, mergers and acquisitions, and succession planning.
The management auditing is a more recent concept. At International Talent Management Consulting we can help you conduct a
systematic 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 also known as management audit.
The objectives of a management audit are to;
- Establish the current level of effectiveness,
- Suggest improvements, and
- Lay down standards for future performance.
Our Management auditors do not appraise individual performance, but may critically evaluate the senior executives as a management team and the audit focuses on results, evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures and methods. It is undertaken to \ discover weaknesses and to institute improvements within the organization
The management audit process can be explained by the auditing of both the management method as a whole as well as key management staff. This is important to establish the effectiveness of both the leaders of the department as well as how it performs as a team. In this way, it can fill the purpose of a staff audit or performance audit, depending on the scope of the company.