What do you understand by management audit'? How does it help management in improvement of its effectiveness?

A management audit is an independent and systematic analysis and evaluation of a company’s overall activities and performances. It is a valuable tool used to determine the efficiency, functions, accomplishments and achievements of the company.

The primary objective of the management audit is to identify errors in management activities and suggest possible changes. It guides the management to manage the operations most effectively and productively.

In other words, a management audit is involved in the evaluation and assessment of the management system and information in the various departments or the _____ ________ ____ _______ ____ ________.
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