Management audits provide many & immediate benefits for the company as well as management on the executive level. Management Audit services aim to provide comprehensive, objective, reliable and accurate assessments of a company’s effectiveness, efficiency, productivity, and readiness to respond to changes in the macro-environment.
Management audits provide transparency regarding management competence and potentials. They offer the possibility for reliable comparisons with other companies about structure and quality (benchmarking). In other terms, management audits serve as an uncommitted basis of decision-making for the assignment and personality development of executive managers.
Area of application of management audits are:
- Merger and restructuring processes focus on how positions should be filled in general.
- Drawing up significant management statements following various changes in strategy.
- Benchmarking / Due diligence analysis is done for the determination of the company’s position among
- Competitors also compared with best practices.
- Advising the company regarding development and succession planning processes.
What Sarvam Associates Offers
Sarvam Associates conduct Management Audit to provide the client’s management with a clear, comprehensive analysis of the functional efficiency & effectiveness of the organization and to suggest possible areas for improvements. We, at Sarvam Associates, to the great extent, believe in Management Audits being a value addition exercise.
Sarvam Associates firmly believes in providing value-added services through the highest levels of professional competence and integrity to its clients. To suit the individual client-specific requirements, our Management Audit services are designed. It assists clients in managing their key business matters, be it achieving strategic business objectives, meeting operational challenges, in compliance with regulatory norms, or managing reporting requirements.
Our Management audits focus on:
- Review of existing business processes, policies, and practices to suggest best practices.
- Critical evaluation of internal controls adopted by different organizations and suggesting areas for strengthening
- Review & assessment of Management Framework and its effectiveness to provide suggestions for strengthening the same.
- Providing goal-oriented and practical solutions followed by support for its implementation
- Constructive review of operations by keeping the client’s business requirements in focus
- Determination and advising about areas for cost reduction, revenue optimization, and improvement in operational efficiency followed by assistance in their implementation
- Confirmation of proper compliance with the various regulatory provisions
- Providing assistance in meeting the clients’ Corporate Governance needs
Our Services Includes
- Complete outsourcing of Management audit function
- Arranging audits with dedicated teams for more focused transaction audits
- Introducing operational audits through the scrutiny of business operations, activities, functions, etc.
To know about Due Diligence Audit click on this link