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This subject provides an in-depth understanding of the concept, scope, objectives, and methodology of Management Audit. It enables students to assess the efficiency and effectiveness of management practices and to...

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Management Audit
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This subject provides an in-depth understanding of the concept, scope, objectives, and methodology of Management Audit. It enables students to assess the efficiency and effectiveness of management practices and to identify gaps between planned objectives and actual performance.
In alignment with NEP 2020, the curriculum encourages analytical skills, problem-solving abilities, ethical reasoning, and experiential learning. The subject integrates theoretical concepts with case studies, practical illustrations, and contemporary business practices, thereby preparing students to address real-world managerial challenges. Special attention is given to corporate governance, risk management, performance measurement, and strategic control systems.
The subject aims to develop professional competence among students by equipping them with the tools and techniques required for conducting management audits in modern organizations. It is expected that this course will enhance students’ ability to critically evaluate management decisions, suggest constructive improvements, and contribute effectively to organizational growth and sustainability.
This book/subject will be highly beneficial for postgraduate students, academicians, researchers, and management professionals who seek a comprehensive understanding of Management Audit in the context of emerging business trends and policy reforms under NEP 2020.

1. Introduction To Management Audit...............7
1.1 Introduction, Definitions and Meaning of Management Audit
1.2 Essentials of Management Audit
1.3 Difference Between Financial Audit & Management Audit
1.4 Objectives of Management Audit
1.5 Importance of Management Audit
1.6 Scope of Management Audit
1.7 Benefits of Management Audit
1.8 Relations with Different Types of Audits
1.9 Conflicts Between Profits Versus Value Maximization Principle
1.10 Role of Management Accountant in Decision Making

2. Procedure of Management Audit.........................25
2.1 Pre-Audit Phase
2.2 Audit Execution Phase
2.3 Reporting and Recommendations
2.4 Follow-up and Monitoring

3. Different Areas of Management Audit.......................51
3.1 Introduction
3.2 Meaning and scope of Corporate Service Audit
3.3 Meaning of Corporate Development Audit its dimensions and Characteristics
3.4 Scope and Importance of Corporate Development Audit
3.5 Concept of Social Cost Benefit Analysis, Need, Essentials and Techniques
3.6 Environmental Pollution Control Meaning, Features and Objectives
3.7 Major Concepts
3.8 Evaluation of Research and Development 3.9 Evaluation of Corporate culture
3.10 Evaluation of Personnel Development

4. Management Reporting Issues and Analysis............77
4.1 Introduction
4.2 Performance Analysis
4.3 Capacity Utilization Analysis
4.4 Productivity and Efficiency Analysis
4.5 Utilities and Energy Efficiency Analysis
4.6 Probability Analysis
4.7 Manpower Analysis
4.8 Management Accounting Tools

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