Operational Audit Price based on Nature & Size of the Company

It is an audit of overall performance of management. It covers planning, organizing, co-ordination and control, etc. Management audit detects and diagnoses the problem and suggests various means to avoid and solve the problems. Management Auditors evaluate the actual performance by comparing it with predetermined standards. Auditors reveal any kind of defect and irregularities in the working of management. It can be said management audit helps in improving the performance and efficiency of management. The success or failure of a business or a company depends fully on the quality of management. Management Audit is an overall scientific appraisal of the quality of management.