Management Audit

Management audit evaluates how governance, decision processes and performance monitoring support the organisation’s objectives.

Finance leaders, audit committees and process owners preparing a defined review of records and controls can use this service to clarify a particular issue. A useful starting question is: “What does a management audit examine beyond financial results?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.

The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.

• Review delegation and decision accountability.
• Assess planning and performance oversight.
• Identify gaps in management information.

Start with the records below where available. They help establish the facts before a more specific checklist is agreed.

• Organisation charts.
• Board packs.
• Budgets.
• Performance dashboards.

Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.

The review evaluates systems and evidence rather than making unsupported judgements about individual managers.

1. Define the question: review delegation and decision accountability, using the available organisation charts and the facts you provide.
2. Examine the evidence: assess planning and performance oversight. Record unresolved information and the assumptions that affect the analysis.
3. Agree the action: identify gaps in management information. Set the required deliverables, responsible owners and any follow-up or external dependency.

The proposal for Management Audit sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of organisation charts, board packs, budgets and performance dashboards affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.

• Transfer Pricing Audit & Risk Review
• Legal Due Diligence Audit
• Internal Control Audit
• Internal Audit

Share a short summary of your Management Audit requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.

• Request a Management Audit consultation
• About BIATConsultant