management audit
This query is : Resolved
31 May 2009
what is management audit. What is the difference between management audit, internal audit and cost audit.
Kindly send the management audit format to progeny7son3@yahoo.co.in
Urgent please
Regards,
SMK
Kindly send the management audit format to progeny7son3@yahoo.co.in
Urgent please
Regards,
SMK
02 June 2009
Objective of each type of audit varies. Audit is carried out considering audit objective.
Management audit is carried to ensure efficient and effective functioning of organization. Auditor steps into the shoes of management. Efficient could be cost effectiveness / resource utilization. Effectiveness may include ensuring that MIS reporting is not inaccurate.
Internal audit is more procedure compliance audit. For example, compliance with authority schedule.
Cost audit is to audit to ensure maintenance of cost records and costs accuracy.
Management audit is carried to ensure efficient and effective functioning of organization. Auditor steps into the shoes of management. Efficient could be cost effectiveness / resource utilization. Effectiveness may include ensuring that MIS reporting is not inaccurate.
Internal audit is more procedure compliance audit. For example, compliance with authority schedule.
Cost audit is to audit to ensure maintenance of cost records and costs accuracy.
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