Management Audit

Introduction

Management audits can provide us with the organization with numerous advantages and executive-level supervision. The variations are growing more frequent and more abrupt as the market is getting more dynamic. Thus, it is of utmost importance to periodically evaluate and assess the efficacy, performance, productivity, profitability and competitiveness of the concerned business. Management Audit services endeavours to offer detailed, comprehensive, unbiased, credible and precise evaluations on the effectiveness, performance, competitiveness, diligence and ability of the organization to respond to macro-environmental changes. It attempts to evaluate the performance of various management processes and functions. It examines, reviews and appraises the various policies and actions of different levels of the management on the basis of certain objective standards.

Management evaluations by an unbiased third party can ensure a real, genuine, authentic and equal review, analysis and interpretation of the status quo. Due to the individual assessment about his/her strengths and weaknesses, the executive manager can ascertain a verified basis for their career and personal and mental development.

The management assessments offer real information on the quality and ability of the company. They serve the chance of accurate and inevitable comparisons over layout and consistency (benchmarking) with other firms. In many different phases, management audits act as an unaffiliated framework for decision-making to delegate and develop executive managers 'identities.

Areas of application:

• Merger and restructuring processes concentrate on how positions should be filled in general.
• Drawing up vital management statements following differences in the strategy.
• Benchmarking / due diligence analysis is done basically for the determination of the company's position among competitors who are also compared with best practice.
• Advise the surrounding organization mechanisms of growth and succession planning. 

What MAG Provides? 

We, at Manish Anil Gupta & Co, provide management audit in India and focus mainly to provide company managers with a simple, manageable, thorough, meticulous and objective review of the organization's organizational performance and effectiveness, and to identify potential areas for improvement. We believe that Management Audits are a value addition exercise rather than a mere compliance exercise.

Our firm strongly believes in providing value-added services through the highest levels of professional competence and integrity to our clients. We program the compliance reviews to tailor fit particular customer's specifications as it helps them in easily managing their crucial business matters.

Bearing in mind the likely structure for risk management, our management audits implement the "Risk-Based Audit" (RBA) approach as well as the several other tools and methods for attaining the audit objectives. 

Our management evaluations are relied on:

• Evaluating the existing business procedures, policies, applications and the practices to recommend them the best practices including a complex process of benchmarking.
• Relevant assessment of internal controls established by the various organizations and the suggested areas for the stabilizing
• Review & Assessment of the framework for the risk management and its implementation so that it will provide recommendations or suggestions for improvement of the framework.
• Review of the existing business processes, policies and practices to prescribe them the best practices, inclusive of a thorough benchmarking exercise.
• Providing goal-oriented and some realistic approaches; also, accompanied by the encouragement of their execution.
• Constructive analysis of the activities by holding the strategic needs of the customer in mind.
• Determination and guidance on the areas of cost control, sales management and the organizational performance enhancement accompanied by the assistance in execution.
• Verification of the conformity with various regulatory requirements and operating guidelines

 
For management audit services in Delhi, reach out to us @ info@manishanilgupta.com