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MANAGEMENT Audit.......?

Suresh Prasad (www.aubsp.com) (15630 Points)

25 October 2010

Please explain more than this....that-

Management auditors are staff people while the members of other departments are line people.

WHO ARE STAFF PEOPLE AND LINE PEOPLE AND EXAMPLE OF THE SAME ????????

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3 Replies

ACA PRASANTA PAUL (CA) (144 Points)
Replied 27 October 2010

The management audit is defined by its scope and objectives. The scope is broad and generally includes all functions of the organization, including objectives and strategy, corporate structure, organizational planning, the budgeting process, human and financial resources management, decision making, research and development, marketing, equipment and operations, and management information systems . This breadth extends to recent, present, and future operations and covers external issues as well as internal concerns. Objectives of the management audit include the development of recommendations and improvements, as well as increased awareness of the credibility and acceptance of the audit's results. The process is more an audit of management, in order to enhance corporate profits and financial stability.