Management Audit
What is : Assessment of
competency and capability of Organization’s Management in carrying out
corporate objectives.
Purpose is: The purpose of
Management Audit is not to appraise individual Executive performance, but to
evaluate the management team as a whole.
Why conducts: Check the
effectiveness of Management team in respect to fulfils the interests of shareholders,
industrial relations with staff and uphold good reputation standards.
Who conducts: Independent consultant hired by the Company.
Scope: Narrow one
When: Conducted before mergers, restructurings,
bankruptcies, succession planning and also to identify the weaknesses in a
company management.
How long: Normally a month or two months.
Mandatory: No
Key for MCQ on Management Audit:
Conducted by an Independent consultant hired by the Company.
Scope is Narrow one.
Duration: One or Two months
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