Management audit

Management audit is carried out based on philosophy of any business group for companies which are part of the group. Scope of this audit is determined by the top management or group that has a policy of management audit. Usually, this scope should cover review of management decisions, their implementation, adherence with group policies, legal compliance, risk management and so on. Unlike internal audit wherein a specific area within the company is reviewed in totality, management audit covers audit/ review of decisions and actions at senior management level.