Management Audit assess the efficiency of management for third parties to commit funds for the business in situation such as –

Related MCQs

• Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
• which of the following statements are true i. CSR has its roots in business ethics ii. CSR and business ethics are conceptually different iii. CSR and business ethics are synonymous iv. CSR and business ethics can be used interchangeably
• This kind of audit is conducted generally between two annual audit ______.
• Interim Audit refers to an audit conducted
• Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
• The audit fees and expenses incidental to audit shall be determined by
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• EDP audit means when an audit is conducted in a computer information systems (CIS) environment. According to SA-401
• A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by
• Common governance problems of corporate failures in Developed countries are i. Unethical business practices ii. Audit failures iii. Ambitious acquisitions and takeovers iv. Remuneration structure