Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.
The objectives of a management audit are to:
(A) Establish the present level of efficiency,
(B) Recommend enhancements, and
(C) Lay down standards for future performance.
Management auditors (that is, employees of the company or independent consultants) do not evaluate individual performance, however might critically estimate the senior executives as a management team.