Explain how management audit serves as an effective technique of controlling.

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Solution

Management audit serves as an effective technique of controlling because of the following advantages

(i) It helps to locate present and potential deficiencies in the performance of management functions.

(ii) It helps to improve the control system by monitoring the performance of management.

(iii) It improves coordination among various departments.

(iv) It ensures updating of existing managerial policies and strategies.

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Explain how management audit serves as an effective technique of controlling.

A management audit is a technique to keep a check on the performance of:

Management audit is a technique to keep a check on the performance of

(a) Company

(b) Management of the company

(d) Customers

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